Equity Capital Markets
Asia ex-Japan ECM volume stands at $2.6bn via 26 deals so far this, on par with the $2.6bn via 28 deals completed in last week.
On August 7, Zhejiang Satellite Petrochemical completed a $446m follow on via sole bookrunner Guosen Securities, this is the largest Asia ex-Japan ECM transaction this week.
Asia ex-Japan ECM volume has reached $144.9bn via 1,263 deals in 2017 YTD, down 4% from the $150.3bn via 1,061 deals in the same period last year. Follow-ons account for 63% of total volume with $91.1bn, the lowest YTD volume since 2014 $84.0bn while IPOs account for 29%...