bankers-forecast-strong-second-half-for-equity-issuance-amid-stabilising-markets

Bankers forecast strong second half for equity issuance amid stabilising markets

ICBC's IPO, the timing of Indian issuers' return to the market and the fight for high-profile mandates out of China, Korea, Malaysia and Singapore seen in focus in coming months.
With a record six months just behind them and back-ended pipelines bulging with potential new equity issues, Asian ECM bankers are exuding confidence that the secondary markets will come away from the recent correction in good enough shape to allow for a strong second half.

In the first half, total equity issuance in Asia ex-Japan amounted to $55.9 billion, which is up 55% from the same period last year and already 60% on the way to match the $94.5 billion raised during 2005 as a whole.

Essentially, the planned fourth quarter listing of Industrial and Commercial Bank of China, which could be the worldÆs third largest IPO ever, should ensure the primary issuance volume gets...
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