Bankers in Asia brace for a virus-related deal drought

"Over the next few weeks, nothing much is expected to come to the markets in this environment - on both the M&A and IPO side. I'm trying to focus on other deals where there's hardly any China involvement," said a banker based in Hong Kong.

HONG KONG/SINGAPORE: Bankers in Asia are bracing for a deal drought as efforts to limit the spread of the coronavirus epidemic have put key meetings and roadshows on hold.

Several auctions of assets are facing delays or re-assessments and preparations for potential Chinese initial public offerings (IPOs) are also slowing, bankers said.