Asia bankers look to follow-on deals as capital raising hits 12-year low

Asia's equity capital market (ECM) bankers are pinning hopes on a pick-up in follow-on share sales when markets stabilise, after suffering the worst start to the year since the early days of the global financial crisis.Companies in the Asia-Pacific region have raised less through share sales this year than at any time since 2008 as stock market turmoil brought about by the coronavirus outbreak pushed investors and those seeking funds to the sidelines.In the first quarter, $20.28 billion (16.7 bi