Equity Capital Markets
A total of $2.2 billion was raised from the equity capital markets this week via 14 issues bumping year-to-date issuance over the $145 billion mark, almost double the level recorded in the same period last year. The top three rankings in the league table remain unchanged with China International Capital Corp CICC leading the field on $8.8 billion, followed by Citic Securities with $8.5 billion and Goldman Sachs with $7.8 billion.
A $544 million follow-on offering for Tebian Electric Apparatus Stock TBEA was the largest issue of the week and led by Huarong Securities and Orient Securities. Guangzhou Haige Communications Group also raised $475 million from an IPO in Shenzhen via bookrunner...