Investment banking chiefs are joining the increasing chorus of optimistic voices in Asia, as the enthusiastic response to Chinese cement maker BBMG’s debut share offering on July 23 preceded an expected wave of IPOs.
Vik Malhotra, co-head of investment banking Asia at Credit Suisse, spoke to Euromoney over a crackly line from Mumbai. “Activity in our industry is very robust,” he says, “and it’s across the product spectrum. You saw lots of activity in Australia at the start of the year, then in China and Korea, and India has become extremely active more recently.”
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“It is somewhat worrying Matt Hanning, UBS |
Malhotra says clients are taking a balanced approach to capital-raising, and that has been reflected in the structures they are using.
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