5 months Asia bankers bet on Alibaba, follow-on fundraising amid trade gloom MB |Biz
By Associated Press Asia’s army of equity capital bankers is betting on a stream of listed companies seeking fresh funds, including Alibaba’s plans for an up to $20 billion Hong Kong share sale, as trade tensions continue to weigh on the big business of taking firms public. The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province,(REUTERS/Aly Song/Files/ MANILA BULLETIN) Proceeds from IPOs in Asia-Pacific halved in the six months ended June to $22.5 billion, data from Refinitiv shows. Overall equity capital raising volumes fell by 26%, even as companies including newly-listed technology stocks sought ... more