Equity capital markets
Activity in Asia’s equity markets totalled $1.2 billion through 13 transactions during the past week, down from $1.6 billion raised during the previous week.
ASM Pacific Technology’s $550 million follow-on through bookrunners HSBC and Morgan Stanley was the biggest deal of the week and the largest tech ECM deal in the region so far this year. It is also the biggest tech deal in the region since Youku’s $593m follow-on completed in May, 2011.
Asia ex-Japan ECM volume in the tech sector stands at $2.1 billion so far this year, down 6% on the $2.3 billion raised during the same period last...