Activity in Asian equity markets has totalled $3.9 billion through 18 deals so far this week, up from the $1.6 billion raised in the week prior, which brings year-to-date volume to $48.8 billion, down 21% on the record $61.4 billion raised last year, but still marks the third-highest year-to-date level on record behind 2010 $58.3 billion.
A $2.5 billion block sale of Industrial Commercial Bank of China stock by Goldman Sachs, which also acted as sole bookrunner, was the biggest deal to complete this week. The deal marks the third-biggest offering in the region so far this year and fifth-biggest deal globally so far this year. The deal...
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