Asia Pac IPO proceeds reach US$157.2b in Q3 2011

There are 1228 issues year-to-date, marking the third highest level of ECM activity in Asia since 2007.

According to Thomson Reuters, this is 47% of the global IPO total.

Here’s more from Thomson Reuters:

The Asia Pacific (excluding Japan) region continues to hold the global top spot for IPOs at the end of third quarter, with IPO proceeds across the region reaching US$157.2 billion, 47% of the global IPO total. Last year at this time, Asia's IPOs accounted for 62% of the global volume.

In Q2 2011, the largest equity issue was Prada SpA raising US$2.1 billion in Hong Kong, while this quarter the largest equity deal goes to China Citic Bank's US$4 billion follow-on offering.

Due to notable IPOs including Glencore (US$10.1b), Shanghai Pharmaceuticals (US$2b), Hua Xian REIT (US$1.6b), and Samsonite (US$1.3b); the Hong Kong stock exchange maintains its top position in Asia, generating proceeds of US$34.1 billion from 215 issues so far, despite being down 27% from the same period in 2010.

The level of foreign listings in Hong Kong (by non-Asia domiciled companies) rose to US$4.5 billion, with an increase of 29% from the comparable period in 2010.

Overall, Asia ex Japan ECM volumes total US$157 billion from 1228 issues year-to-date, still marking the third highest level of ECM activity in Asia since 2007. The top sectors issuing equity in Asia are Financials (19%), Industrials (18%), and Materials (15%).

The imputed fee pool for investment banks raising equity in Asia has reached US$3.8 billion, up 1% from 2010. Pingan Securities ousts UBS to gain position as leading bookrunner, with estimated fees of US$202 million and 5.4% market share to date.

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