The S&P 500 is down about 7.5% year to date, the Dow Jones EuroStoxx 50 17.5% and the Hang Seng 25%.
Despite the extreme market conditions, however, investors rolled out the welcome mat to greet record-breaking deals from Visa, China Railway Construction Company (CRCC) and Société Générale.
In Asia, CRCC’s $5.4 billion IPO attracted more than $68 billion-worth of orders from retail investors alone, surpassing the $57.4 billion record set by Chinese internet portal Alibaba last November. The institutional portion of the book was...
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