Equity capital markets
A total of $24.4 billion has been raised in the equity capital markets this week through 23 deals, compared to the $1.7 billion raised in the same period last week and brings Asia ex Japan ECM volume to $155.4 billion in 2014 so far, up 49% year-on-year and the highest year-to-date level since 2010 $173.3 billion.
Volume was led by Alibaba Group Holding’s $21.8 billion IPO excluding overallotment completed on September 18 through its bookrunners Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley and Citi. The deal is the largest US-listed IPO on record ahead of...