Equity capital markets had a volatile year in 2015. A promising start was badly impacted by China’s summer market rout, while political issues and weak commodity prices left Southeast Asian deal volumes lacklustre.
Total equity volumes for Asia ex-Japan reached $226.9 billion by November 27, while fees were $3.6 billion, compared with $238.1 billion and $4.2 billion, respectively, for full year 2014.
However, initial public offerings reappeared as the year drew to a close and supply for 2016 looks promising.
“The visible pipeline ECM pipeline for 2016 is robust,” Saurabh Beniwal, co-head of corporate client solutions for Asia at UBS, told FinanceAsia...