Asia ECM starts strong in Q4 as momentum builds

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By John Loh
06 Oct 2016

After a challenging first half, equity capital markets bankers in Asia can breathe a little easier knowing that momentum from the third quarter will carry on into a busy end to the year. But with macro headwinds such as the US elections looming over markets, issuers will have to remain on their toes, writes John Loh.

The numbers are in and they are anything but pretty. ECM volumes in Asia ex-Japan ex-onshore China for the nine months to September plunged 38% to $69.7bn from $112.8bn in the previous year-to-date — the region’s worst performance in at least five years, according to Dealogic. Deal count ...

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