Asia Pacific's ECM listings surged to 20.4% to US$146.8b

Strongest 9 months since 2011.

ECM listings in Asia Pacific Improves by 20.4%

Equity and equity-linked transactions listed in Asia Pacific so far this year raised US$146.8 billion in proceeds, a 20.4% increase from the first nine months of 2013 (US$122.0 billion) as number of offerings grew 12.1%.

According to a research note from Thomson Reuters, this is the strongest first nine months period since 2011 when proceeds reached US$165.4 billion.

Proceeds from initial public offerings (IPO) in Asia Pacific stock exchanges surged to US$40.2 billion, a 79.5% increase in proceeds from comparative period in 2013 (US$22.4 billion) with a 61.2% growth in number of IPOs.

Here's more from Thomson Reuters:

This is the highest period since 2011 when IPO proceeds amounted to US$67.4 billion. Private Equity exits through IPO listings in Asia Pacific reached US$12.9 billion, up six-times from the same period last year.

Australian hospital operator, Healthscope Ltd, launched its IPO raising US$2.1 billion in the Australia Stock Exchange after the company was bought in 2010 by a consortium led by TPG Capital and Carlyle Group LP.

The Hong Kong Stock Exchange (HKSE) captured 38.7% of this year’s initial public offerings listed in Asia Pacific with US$15.5 billion worth of proceeds, an 93.6% growth compared to first nine months of 2013 (US$8.0 billion).

This was driven by the US$3.1 billion IPO of HK Electric Investments Ltd, the largest IPO deal this year in Asia Pacific, and the US$2.4 billion revived IPO of Chinese pork producer, WH Group.

Australia Stock Exchange followed second place with 21.9% market share as IPO proceeds grew 143.7% to US$8.8 billion compared to the same period last year.

Globally, HKSE currently ranked 4th in terms of IPO proceeds while New York Stock Exchange (NYSE) took the lead.

Chinese e-commerce Alibaba Group listed its IPO in NYSE and raised US$25.0 billion in proceeds after the greenshoe option was exercised.

The Alibaba deal, which pushed IPO proceeds in NYSE to US$57.9 billion, set the record as the world’s largest IPO in history.

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