Equity capital markets
The Asian equity markets have raised $4.3 billion so far this week through 19 transactions, down from the $7.2 billion raised in the same period last week and bringing year-to-date volumes to $71.3 billion, up 16% year-on-year.
The largest deal this week was a sell-down by Goldman Sachs in Industrial Commercial Bank of China through a $1.1 billion accelerated offering. The deal marks the sixth-largest ECM deal from a Chinese issuer in 2013 year-to-date and the also the fourth-biggest accelerated offering in the region so far this year.
There have been 97 accelerated offerings raising a combined total of $21.1 billion in...