AI fever lifts Asia share sales to six-year high
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓AI fever pushed Asia share sales to a six-year high of $120 billion in the third quarter.
- ✓Bankers in Hong Kong stayed busy as companies raised $47.5 billion between July and September.
- ✓James Wang said, “This will continue for a couple of years because of AI.
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- MARKET
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- Moneycontrol
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- India Economy
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Bankers in Hong Kong skipped the summer break as an artificial intelligence-fueled rush for capital sent share sales to a record, defying a bruising selloff in the city’s stocks.
Initial public offerings, placements and block trades raised $47.5 billion in July-September, the biggest haul ever for the period, according to data compiled by Bloomberg. That pushed fundraising this year above $92 billion and within reach of the $112.5 billion record set in 2021, though the recent surge in bond yields and poor deal performance are making investors and issuers more cautious.
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