If you are a banker with a thin book of business in equity capital markets – which probably means most of you – try moving to Kuala Lumpur.
Bankers in KL are enjoying a boom of breathtaking proportions. About $5.5bn of money has been raised in two big ticket initial public offerings in the last three weeks alone: Felda, the Malaysian palm oil company, defied global market gloom with a $3.2bn IPO; and IHH Healthcare was priced on Tuesday at the upper end of its indicative range.
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