What is driving the surge in Asia-Pacific share and convertible bond fundraising in 2024, and how does it compare to the 2021 record?

The surge is driven by the AI boom, fueling investment in AI chips, data centres, and power systems. Asia-Pacific companies raised $327.1 billion through equity deals in 2024 — up 53% year-on-year — and need $230.6 billion in Q4 to surpass the $557.6 billion 2021 annual record. Goldman Sachs' James Wang expects issuance to exceed that 2021 high, calling it 'the scale of the capital-raising cycle we are seeing around AI', with AI set to drive market volumes for the next one to two years.

Which specific companies and deals are highlighted in the pipeline as key contributors to Asia-Pacific fundraising momentum?

The known pipeline includes Australian AI infrastructure firm Firmus, Singaporean data centre operator DayOne, and Chinese flash memory chipmaker Yangtze Memory Technologies Co — each potentially raising about $5 billion. Also cited are Mynt's $1.3 billion Philippine IPO, Samsung Biologics' $2.2 billion South Korean rights issue, Reliance Jio Platforms' approved Mumbai IPO (up to $3.8 billion), and Deloitte China's expectation of three to four Hong Kong mega-listings of at least HK$10 billion ($1.3 billion) each.

Asia Share Sales Poised to Test 2021 Record as AI Boom Fuels Deal Pipeline

Sep 29, 2026

Asia-Pacific equity fundraising reached $327.1 billion this year, driven by AI demand in chips and data centers, potentially surpassing 2021 records. Major issuers include Samsung Biologics and SK Hynix amidst investor caution.

reuters

2026-09-29

Asia Share Sales Poised to Test 2021 Record as AI Boom Fuels Deal Pipeline

Asia Share Sales Poised to Test 2021 Record as AI Boom Fuels Deal Pipeline

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