Equity Capital Markets
Asia ex Japan ECM volume stands at $2.9bn via 25 deals so far this week compared to the $3.5bn via 36 deals completed in the previous week.
Chinese issuer Tencent Music Entertainment completed a $1.1bn IPO via a consortium of five bookrunners in what is the largest Asia ex Japan ECM transaction this week. Despite being priced at the low end of its $13 to $15 initial ADS filing range, the closing one-day up 7.7%. Tencent Music's IPO is the fourth largest US-listed Chinese IPO this YTD.
Asia ex Japan Chinese IPO volume stands at $9.2bn via...