AsiaPac tops ECM activity in 2011

The region held the top spot for IPO’s this year, with proceeds amounting to a whopping US$80 billion, nearly half of the global IPO total.

IPOs from the North Asia sub-region (China, Hong Kong, Taiwan, South Korea) reached US$71.6 billion, 89% of the Asia Pacific region total, according to Thomson Reuters’ report. Comparatively in 2010, Asia's IPOs accounted for 49.6% of the global volume at US$166 billion.

Here’s more from Thomson Reuters:

The largest equity offering in Asia this year was Hutchison Port Holdings' US$5.5 billion IPO listing in Singapore, while the largest deal in the fourth quarter belonged to Hebei Iron & Steel with US$2.5 billion in Follow-On proceeds on the Shanghai Stock Exchange. Contending for the top global exchange, Hong Kong placed in second after New York for all equity raisings totaling US$47.6 billion (excluding listing by introduction deals) from 281 deals, a decrease of 56% in the value of proceeds from 2010's record year.

Overall, Asia ex Japan ECM volumes total US$195 billion from 1,618 issues in 2011, still marking the third highest level of ECM activity in Asia since 2007. The top sectors issuing equity in Asia are Financials (19%), Industrials (17%), Materials (16%), and Energy & Power (12%). For the first time since 2004, Goldman Sachs overtakes UBS for top spot for equity raisings in Asia, with proceeds of US$14.9 billion from 45 deals, accounting for 7.7% market share.

The imputed fee pool for investment banks raising equity in Asia as estimated by Thomson Reuters/Freeman Consulting has reached US$4.9 billion, down 21.1% from 2010. Pingan Securities replaced UBS to gain position as leading bookrunner, with estimated fees of US$232 million and 4.7% market share to date.
 

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Tags: AsiaPac IPO, AsiaPac ECM, equity capital market, Hutchison Port Holdings, UBS