Equity Capital Markets
Asia ex-Japan ECM volume decreased slightly this week from $9.1bn to $8.7bn via 31 deals this week.
The largest ECM transaction in Asia ex Japan this week was an IPO by New India Assurance Co Ltd in India, valued at $1.48bn.
Four Indian insurance companies have conducted IPOs so far this year, raising a total of $5.4bn. Indian ECM volume currently sits at $25.3bn, the record for a full year was noted in 2010 at $25.5bn. Total Indian IPO volume this year is now $10.2bn, which is a record $8.8bn in 2008 full year.