Asian companies raised more than US$83 billion in July, and Morgan Stanley is optimistic about the capital market in the second half of the year

Comparing news, Bloomberg data shows that Asian companies raised more than 83 billion US dollars in July through IPOs, targeted increases, and bulk transactions, setting a record in a single month in history. Among them, South Korean chip giant SK Hynix raised 265 billion US dollars through the US listing, making it the largest financing project.

Asian equity financing activity remained active in August, with the Indian government selling shares of state-owned insurance giant LIC to raise $3.3 billion. Cathy Zhang, head of ECM at Morgan Stanley Asia Pacific, said: “We are still optimistic about capital market prospects in the second half of this year, particularly in Hong Kong, mainland China, and Taiwan.” She expects a number of deals worth more than $1 billion to be launched in the next few months, mainly in the consumer internet, industrial technology, and AI-related fields.