Equity Capital Markets
The Asian equity markets have raised $5.1 billion through 24 deals so far this week, compared to the $7.4 billion raised in the same period last week.
China Cinda Asset Management completed its $2.5 billion IPO at the top of the range through a consortium of 18 bookrunners in what was the largest deal of the week. The deal is also the sixth largest IPO globally this year and the biggest Chinese IPO since People’s Insurance Co Group of China’s $3.6bn IPO in November 2012.
The deal brings Asia ex Japan IPO volume to $33.4 billion in 2013 YTD, down...