Asia rebounds despite China curbs

摘要

Equity and equity-linked offerings in Asia Pacific ex-Japan rebounded in the third ; quarter, but still fell 13% short of last year in I the first nine months of 2017, at US$154bn, after China put the brakes on follow-on offerings. ECM volumes in the third quarter rose 19% from the second quarter to US$57.5bn with the completion of a number of jumbo deals such as the US$2.7bn placement of China Molybdenum, the US$2.5bn follow-on of Yancoal Australia, the US$1.7bn Singapore IPO of NetLink NBN Trust, the US$1.5bn Hong Kong IPO of Zhong An Online P&C Insurance and the US$1.3bn Indian IPO of SBI Life Insurance.