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Executive is moving to more senior role
India is on track for a record year of IPOs. Global tech giants continue to plough capital into a fast-growing consumer economy that is investing heavily in ensuring it’s a major player — along with the US and China — in an AI-first world
◆ Deal finds demand despite arrest of South Korea's president ◆ High single digit concession left for investors ◆ Leads added spread to calm concerns
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  • Two North Asian issuers raised $608m in separate overnight primary equity placements on Thursday after both deals were fully upsized, although they priced near the bottom of their respective offering ranges.
  • Market participants in Hong Kong have welcomed plans by regulators to install a new investor identification mechanism, which will require northbound investors participating in Stock Connect to reveal their identities by the middle of 2018.
  • Sea said its backer Tencent Holdings, the Chinese technology giant, will take up a $100m portion of the southeast Asian e-sports company’s $696m IPO in the US.
  • Myanmar may be in the middle of a crisis as more than half a million Rohingya flee anti-Muslim militants. But investors are willing to look past the humanitarian crisis and find opportunities in the frontier market.
  • Citi has hired Guorong Jiang as chairman and head of corporate and investment banking for China, according to a press release the bank sent out on Friday.
  • Who does Pakistan turn to in the event of a new liquidity crisis: to China or the IMF? Widening trade and current account deficits and dwindling FX reserves could mean the South Asian country has to make up its mind sooner rather later
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