Equity Capital Markets
Asia ex-Japan ECM volume stands at $3.5bn via 26 deals this week six IPOs and twenty follow-ons. Last week, $1.7bn was raised via 17 deals in the region.
This week’s largest ECM transaction was the $761m IPO by Chinese issuer Bank of Gansu Co Ltd, priced January 11. The issuer went public through Hong Kong Exchange-Main Board via a consortium of nine bookrunners.
Hong Kong IPO volume stood at $13.3bn via 118 deals in 2017, the lowest since 2012 $10.9bn with 59 deals. China accounted for 80% of the total issuance with $13.2bn via 53 deals in 2017,...