Equity Capital Markets
Asia ex-Japan ECM volume stands at $1.0bn via 15 deals so far this week seven IPOs, six follow-ons and two convertibles, compared to the $928m via 14 deals completed in the previous week.
On February 27, Chinese issuer Shandong Linglong Tyre completed a $317m convertible via Essence Securities on Shanghai Stock Exchange, this is the largest Asia ex-Japan ECM transaction for the week.
Shanghai Stock Exchange SSE ECM volume has reached $9.9bn via 30 deals this YTD, down 44% from $17.5bn raised via 63 deals in 2017 YTD. Convertible accounts for 46% of the total issuance with...