Equity Capital Markets
Asia ex Japan issuers have raised $12.6 billion through 27 deals so far this week, up on the $3.5 billion raised in the same period last week.
Volume is driven by Postal Savings Bank of China’s $7.4 billion Hong Kong IPO priced on September 21, through a consortium of 26 bookrunners. This is the biggest IPO globally since Alibaba’s $25.0 billion listing on the NYSE in September 2014. The deal has also set a record for the longest bookrunner roster ever for an IPO globally, surpassing the previous record of 22 bookrunners set by China Huarong Asset Management in October 2015.