date:Apr 21, 2014
ed 29 bookrunners.
Asian deals in general also tend to have more underwriters.
Chinese insurer PICC Group (1339.HK) raised $3.1 billion in 2012 with the help of 17 banks. Last year, China Galaxy Securities (6881.HK) set a fresh record in Hong Kong, hiring 21 underwriters for its $1.1 billion initial public offering.
By contrast, Brazilian insurer BB Seguridade Participacoes SA (BBSE3.SA) had just eight joint bookrunners for its $5.7 billion IPO last year. That deal generated about $57 million