Equity Capital Markets
A total of $8.9 billion has been raised in the equity capital markets through 28 deals so far this week, up from the $5.7 billion raised in the same period last week.
The largest deal of the week was Dalian Wanda Commercial Properties completed a $3.7 billion IPO through bookrunners China International Capital Corp, Goldman Sachs, UBS, HSBC, Bank of China, Citi and Morgan Stanley in what stands as the largest Hong Kong listed IPO in 2014 YTD and the biggest real estate sector IPO on record.
The deal helps nudge Hong Kong Stock exchange to second place globally for new listings with $27.7 billion in 2014 YTD, up 28% year-on-year and the highest YTD volume since 2011 ($35.1bn). NYSE leads global new listings with $74.1 billion, up 62% on the $45.8bn raised in the same 2013 period.
Morgan Stanley leads the league table ranking with $17.0 billion in 2014 YTD, followed by Goldman Sachs and JPMorgan, respectively.
Debt Capital Markets
Industrial Bank was the only issuer to tap the Asia (ex Japan) G3 bond markets this week for $20m this week, compared to the $2.2bn raised in the same period last week and brings the YTD total to $213.7 billion in 2014 YTD, the highest annual level on record.
HSBC continues to lead the league table ranking with $24.7 billion in 2014 YTD. Citi and Deutsche Bank follow, respectively.