Asian unicorns spur autumn's IPOs

It has been a fairly quiet year so far, but Asian equity capital markets are stirring back to life, as a number of jumbo IPOs and sought-after tech deals loom into view.

A very strong pipeline of initial public offerings, led by Asia's tech unicorns, are putting Hong Kong’s equity capital markets in good stead to beat 2016’s overall issuance figures after a fairly lacklustre year so far.

Dealogic figures show the Territory has accounted for only 37.02% of the $57.5 billion in IPO and follow-on issuance across Asia ex A-shares in the eight months to end August. This compares to 47.22% in 2016 and 61.97% in 2015 see table 1.  

The region as a whole has held up well largely because of India and South Korea, which will be explored in parts two and...

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