Asia Share Sales Aim to Test 2021 Record on AI Boom
Asia Pacific companies are challenging their 2021 fundraising record as artificial intelligence investments drive strong demand for chips and data centres. Issuers raised over 300 billion dollars this year, with bankers expecting a busy fourth quarter despite growing investor selectivity.
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Asia-Pacific companies raised $327.1 billion through equity deals this morning, up 53% from a year earlier, driven by surging artificial intelligence investments. The fundraising pace puts the region on track to challenge its 2021 annual record of $557.6 billion. The capital influx underscores a massive regional expansion in chips, data centres, and power systems.
