Deals
IPOs in Asia Grab Record Share of Funds as U.S. Offers Dry Up
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Record demand for initial public offerings in Asia is reducing the share of U.S. IPOs to an all-time low as companies from China to Malaysia and India flood the market with more equity than ever.
Jiangsu Rongsheng Heavy Industry Group Co., Petronas Chemicals Group Bhd. and QR National Ltd. are preparing to sell more than $10 billion of shares as soon as next month, adding to the $134 billion raised in 2010, data compiled by Bloomberg show. Hong Kong’s AIA Group Ltd. and Coal India Ltd. raised almost the same amount this month as all U.S. deals this year as the share of American IPOs dwindled to 11 percent.