Asian issuers and investors turn to off-market equity deals

Difficult public equity markets and long lead times before companies list their shares are propelling issuers and investors to prioritise off-market transactions.

Asian stock markets may have re-discovered some positive momentum after a rocky 2018, but many issuers and investors are increasingly turning to off-market deals to boost valuations and longer-term returns in the face of ongoing volatility. 

There are two clear trends, both of which benefit bigger investors with better broker relationships and access to non-public information. 

Firstly, there is a far more active secondary market for blocks of shares before a company lists thanks to Asia’s private equity market, which has already doubled in size over the past decade and continues to expand rapidly.

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