Equity Capital Markets
A total of $2.7 billion has been raised by Asia ex-Japan issuers in the equity capital markets so far this week, down from the $4.0 billion raised in the same period last week.
The largest deal of the week was Luye Pharma Group’s $764 million IPO through bookrunners UBS, Citi and Citic Securities. The deal is the fourth largest IPO in Asia ex-Japan so far this year and the largest global healthcare sector IPO in 2014 year-to-date.
The first half of the year saw a total of $89.9 billion raised in Asia ex-Japan, the highest semi-annual volume since 2H 2012 $91.7...