Equity Capital Markets
Total ECM issuance by Asia ex Japan issuers has dropped to $2.7 billion through 19 deals so far this week , from $8.2 billion raised in the same period last week.
The largest deal this week is Xian Longi Silicon Materials Corp’s $446 million follow-on through sole bookrunner Guosen Securities. The deal is also the tenth largest follow-on from a Chinese Tech firm so far this year.
Chinese Tech firms have raised $29.7 billion so far this year through the equity capital markets, almost triple the $11.1 billion raised in the same period last year.
CITIC Securities continues...