Asia Pac IPOs strongest since 1980, raise $125 bn till Sept of CY21

IPO proceeds up 73% from a year ago; number of offerings grow 42.3% YoY

Asia Pacific, excluding Japan, investment banking fees reached an estimated $23.6 billion during the first nine months of 2021, a 6.9 per cent increase from the comparative period last year, making it the highest first nine-month period since records began in 2000.

Equity capital markets (ECM) fees totaled $8.2 billion, up 21 per cent from a year ago and the strongest first nine-month period since records began in 2000. Debt capital markets (DCM) underwriting fees amounted to $10.2 billion, a 6.5 per cent decline from last year’s record period, but still elevated compared to historical levels. Fees from completed M&A