Hong Kong, India Fuel Blockbuster Year for Asia Fundraising
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Not long ago, Hong Kong’s share-sale market was a symbol of China’s slowdown: Deal books were thin, investor sentiment was sour and bankers were fleeing the industry. This year, the script has flipped.Share sales nearly quadrupled to more than $73 billion through initial public offerings, placements and block trades. For the first time since 2013, that made Hong Kong the No. 1 fundraising spot in Asia, ranking just behind the US globally. The city has been at the front of a dealmaking boom across the continent that included a record year for IPOs in India, and strong markets in mainland China and Japan.