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Oct 1, 2024 | 
ionanalytics.com | Avery Champion |Sam Kerr |Perris Lee |Troy Hooper
Powered by Dealogic data, ECM Highlights reviews ECM activity across Americos, EMEA and APAC in the first nine months of the year. All dato updated as of 29 September 2024 at 18:00pm IST. Find more on the latest and upcoming ECM activity at Dealogic | ECM. Global: Bad PoliticsThe roaring recovery in global ECM volumes in the first half of 2024 stalled a little in 3Q, as political turmoil and rising volatility caused several issuers to hold back from coming to market with new deals.
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Aug 6, 2024 | 
ionanalytics.com | Cristiano Dalla Bona |Taku Dzimwasha |Perris Lee |Tory Hooper
Postponements of initial public offerings and block trades are widely expected after a volatile start to August in global capital markets, according to market advisers. Bankers expect that several IPOs which were slated for early September and the autumn window could be pushed into next year. The week began with sharp stock market declines globally, though these losses were partially reversed following gains in today’s trading session (6 August).
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Jul 25, 2024 | 
ionanalytics.com | Perris Lee |Cristiano Dalla Bona |Raj Saiya |Lucy Chapman
Years of geopolitical tit-for-tat with the US, Europe and even its neighbours in Asia, when combined with economic turbulence following the worst of the Covid-19 pandemic has taken a toll on Chinese convertible bonds. For many Asia ex-Japan bankers, who have for over a decade relied heavily on China as a source of deals and fees, that’s painful, to say the least. At its worst, China trailed Japan in terms of new offerings for four quarters in a row from 2Q23 to 1Q24, Dealogic data show.
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Jul 4, 2024 | 
ionanalytics.com | Perris Lee |Raj Saiya |Lucy Chapman
Biblical wisdom teaches that with enough faith and conviction, it is possible to go “from strength to strength”. Goldman Sachs will be hoping it can build on APAC momentum after leaping two spots from 1Q to the top of the region’s equity-capital-market league table in second quarter of 2024. The Wall Street stalwart arranged USD 4.68bn worth of deals on an apportioned basis in 2Q, Dealogic data show.
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Jun 27, 2024 | 
ionanalytics.com | Sam Kerr |Taku Dzimwasha |Troy Hooper |Perris Lee
Data Insight Powered by Dealogic data, ECM Highlights reviews ECM activity across Americas, EMEA and APAC in the first half of the year. All data updated as of 26 June 2024 at 18:00pm IST. Find more on the latest and upcoming ECM activity at Dealogic | ECM. Read more in the full report.
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Jun 24, 2024 | 
ionanalytics.com | Perris Lee |Lucy Chapman
For decades, Taiwan was known – in a skin-deep manner mostly – as the major semiconductor or technology hub of the world. It wasn’t until recent years when China and the US traded barbs over a wide array of issues from national security to regional geopolitics – with Taiwan often being on top of the agenda – that people began to pay closer attention to the island of 24m people and its importance to the global tech industry.
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Jun 4, 2024 | 
ionanalytics.com | Perris Lee |Feier Wang |Lucy Chapman
Meituan [HKG:3690] is among a handful of Asian companies working on a convertible bond (CB) sale, following a recent renaissance in equity-linked deal flows from China. The Chinese shopping-platform operator is working with Bank of America and Goldman Sachs on its second such offer, according to two market participants. The CB’s size, timeline, terms and structure are still unclear as the deal is pending quota approval from China’s National Development and Reform Commission, one said.
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May 28, 2024 | 
ionanalytics.com | Perris Lee |Rashmi Kumar |Lucy Chapman
Chinese mining company Zijin Mining Group [HKG:2899; SHA:601899] is working with several banks to raise USD 2bn-USD 3bn by issuing shares and convertible bonds, according to two market participants. The Chinese gold and copper miner met European investors earlier this month, according to one of the participants. A third participant said it is “not an insane assumption” for Zijin Mining to be working on a deal, adding that the transaction may need a third bank.
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May 22, 2024 | 
ionanalytics.com | Perris Lee |Lucy Chapman
News (Intelligence) Alibaba Group Holdings Ltd [NYSE:BABA] [HKG:9988] is working on a USD 5bn convertible bond offer, according to two market participants. This news service flagged in a weekly publication on 17 May that Chinese technology stocks trading in the US would be worth keeping an eye on for possible fundraisings, noting that Alibaba is one of the few names that have never issued an equity-linked note.
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May 20, 2024 | 
ionanalytics.com | Perris Lee |Lucy Chapman
JD.com [NASDAQ:JD, HKG:9618] has started reaching out to potential investors about a jumbo convertible bond offer intended to fetch more than USD 1bn, according to four market participants. The Chinese e-commerce giant’s American Depositary Receipts CB offer is being arranged by a handful of banks including UBS and Bank of America, according to three participants. This news service flagged the potential deal in a weekly report published on 17 May.
