As Asian Economies Heat Up, Companies Rush to Raise Equity, Producing Record Wave of IPOs
Platt, Gordon, Global Finance
CORPORATE FINANCING FOCUS
Industrial & Commercial Bank of China s $21.9 billion stock issue on October 27 was the world's largest initial public offering ever and brought the year-to-date total for Asian equity issues outside of Japan to $141 billion, the largest total on record for the region and a 30% increase from the same period a year earlier.
China, with its fast-growing economy, accounted for 41% of Asia-Pacific volume, excluding Japan, with $58.5 billion of equity issues in the first IU months of 2006, a 97% increase from 2005's year-to-date total, according to Dealogic, which tracks data on the global capital markets. IPO volume for the Asian region increased …
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Publication information: Article title: As Asian Economies Heat Up, Companies Rush to Raise Equity, Producing Record Wave of IPOs. Contributors: Platt, Gordon - Author. Magazine title: Global Finance. Volume: 20. Issue: 11 Publication date: December 2006. Page number: 46+. © Global Finance Media Inc. Feb 2009. Provided by ProQuest LLC. All Rights Reserved.
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