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Asia has had its best third quarter on record for initial public offerings, even with Hong Kong turning quiet as many firms put listing plans in the regional powerhouse on hold amid China’s sweeping regulatory clampdown.
Thanks to blockbuster deals in markets like South Korea and India, first-time share sales in the region raised $56 billion in the three months through Sept. 30, the most ever for such a period, data compiled by Bloomberg show.
“Activity will continue -- 2021 remains an extraordinary year for equity capital markets volume,” said William Smiley, co-head of Asia ex-Japan equity capital markets at Goldman
