Asian Companies Raise Over $83 Billion in July, Morgan Stanley Optimistic About Market in Second Half

Asian companies raised over $83 billion in July through IPOs, private placements, and block trades, setting a record for the highest monthly financing. South Korean chip giant SK Hynix raised $26.5 billion through its U.S. listing, becoming the largest financing project. In August, Asian stock financing activities remain active, with the Indian government selling shares of state-owned insurance giant LIC to raise $3.3 billion. Cathy Zhang, head of Asia Pacific ECM at Morgan Stanley, expressed optimism about the capital market outlook for the second half of this year, expecting several transactions exceeding $1 billion to be initiated in the coming months, primarily focused on consumer internet, industrial technology, and AI-related sectors.

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