Asian companies raised over $83 billion in cumulative financing in July, Morgan Stanley bullish on H2 capital markets

Odaily News According to Bloomberg data, Asian companies raised over $83 billion in cumulative financing in July through IPOs, private placements, and block trades, setting a new single-month record. Among them, South Korean chip giant SK Hynix raised $26.5 billion through a U.S. listing, becoming the largest financing deal.

Equity financing activities in Asia remained active in August, with the Indian government selling shares in state-owned insurance giant LIC, raising $3.3 billion. Cathy Zhang, head of Morgan Stanley's Asia-Pacific ECM division, stated: "We remain bullish on the capital markets outlook for the second half of this year, especially in Hong Kong, mainland China, and Taiwan." She expects multiple deals exceeding $1 billion to launch in the coming months, primarily focused on consumer internet, industrial technology, and AI-related sectors. (Bloomberg)