The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Opinion

Investment banking: The new global reality

Inter-emerging markets deals are on the increase. Some global investment banks will be hard pressed to get a look-in.

Whenever investment banks talk up a new product or trend, it’s always best to be wary. But the signs are that emerging markets to emerging markets deal flow – the latest new big thing – will soon become part of everyday capital markets life.


Three big deals are in the pipeline.


The one grabbing the most headlines is the decision by Brazilian firm Vale, the world’s biggest iron ore miner, to list on the Hong Kong Stock Exchange, thus becoming the first Latin American company to do so. Vale has a market
capitalization of $164 billion and is already listed in São Paulo, Paris and New York. But Asia, especially China, is home to the most important customers for commodity companies. Vale will follow in the footsteps of Russia’s Rusal, which earlier this year became the first non-Asian firm to sell shares through the Hang Seng. Other big emerging market companies are also considering the possibility of a Hong Kong listing.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree