Asian ECM begins 2015 with a whimper

Equity capital markets in Asia ex-Japan generally are off to their worst start in three years and bankers expect activity to remain muted for the time being.

It has been a poor start to the year for equity capital raising in Asia ex-Japan, with activity down 49% compared with the same period last year.

Only 41 companies in the region sought to tap equity capital markets in the first two weeks of the year, raising $3.43 billion from January 2 to January 13, according to Dealogic data. This is significantly down compared with the same two-week period of 2014, when $6.73 billion was raised via 63 deals.

It's the worst start since 2012 -- when $1.7 billion was raised via 31 ECM deals -- and a far cry from the $8.33 billion...

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