World’s Largest Equity Deals This Year Have Come Out of Asia
- Asian companies dominate IPOs, follow-on offerings globally
- Tencent block trade is world’s second-biggest on record
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The world’s biggest equity capital markets deals of 2021 have almost exclusively come 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 in Chinese internet giant Tencent Holdings Ltd. in March is 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 firms, including Japan Post Holdings Co. and Singapore’s Sea Ltd.