Asian ECM in limbo until market regains stability

man sleeping, feb 25 cover
By John Loh, Jonathan Breen
25 Feb 2016

Asia’s desolate equity capital markets are about to be tested with new listings for the first time since Goodbaby China Holdings pulled a Hong Kong IPO in early February. But with bankers finding it harder than ever to convince investors to buy deals, little can be done in the primary market until some stability returns, write Jonathan Breen and John Loh.

As fluctuations in the stock market keep issuers waiting on the sidelines across Asia, ECM bankers in the region have had little rest as they try to find some business.

“Despite the lack of activity, bankers are staying proactive and doing lots of pitching, looking at RFPs ...

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