Caixin
Dec 10, 2021 05:17 AM
BUSINESS

World’s Biggest Equity Deals This Year Came Out of Asia

Tencent’s $14.7 billion share sale leads record year for offerings as Asia companies dominate the largest transactions
Tencent’s $14.7 billion share sale leads record year for offerings as Asia companies dominate the largest transactions

(Bloomberg) — The world’s biggest equity capital markets deals of 2021 came almost exclusively out of Asia in a sign of the growing clout of the region’s companies even as markets teeter going into year-end.

A $14.7 billion secondary share sale by Chinese internet giant Tencent Holdings Ltd. in March was the biggest follow-on offering in 2021 as well as the second-largest block trade on record. The top five additional sales this year are all by Asian businesses, including Japan Post Holdings Co. and Singapore’s Sea Ltd.

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