Employees unloading parcels from a truck at a JD.com Inc delivery station in Beijing. China’s largest retailers are hoping the ‘6.18’ or June 18 extravaganza that began this month unleashed pent-up demand, making up for lost sales during a coronavirus-stricken March quarter. — Bloomberg
HONG KONG: Asian companies accounted for almost half of the global stock offering haul in the first half of this year, with the three biggest deals all coming from the region as second listings by Chinese firms boosted volumes.
Companies in Asia raised US$46.2bil through initial share sales in the first six months of 2020, representing 49% of the US$93.9bil fetched globally, data compiled by Bloomberg showed. That’s the highest proportion for the first half of a year in the last decade, the data showed, underscoring Asia’s rising share of equity capital markets activity.
Limited time offer:
Just RM5 per month.
