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GlobalCapital Asia awards 2020: Investment banks

Deutsche Bank This year will go down in history for being unpredictable and volatile, with the Covid-19 pandemic wreaking havoc on the lives of people, economies, companies and capital markets. Everyone had to adjust to a new way of life, including banks that had to rapidly adapt to working from home, execute deals virtually and pitch to clients through video calls. One bank stood out for its comprehensive response to the coronavirus crisis when faced with a test of resilience and when standard business continuity plans no longer applied. Deutsche Bank is GlobalCapital Asia’s best bank for Covid response in 2020.

Pop Mart shares jump 100% in Hong Kong IPO debut

China Toymaker Joins Global IPO 1st-Day Pop Party with 79% Jump

China Toymaker Joins Global IPO 1st-Day Pop Party with 79% Jump Bloomberg 12/11/2020 © Photographer: Chen Yuyu/VCG/Getty images Pop Mart shop in Shanghai. (Bloomberg) A Chinese maker of toys encased in “mystery boxes” is the latest company to join the global initial public offering first-day pop party. Shares in Pop Mart International Group Ltd., whose offerings include rabbit figurines with monster teeth, jumped as much as 112% on their debut on Friday before closing up 79%, the third-best this year for IPOs over $500 million in Hong Kong. That’s a day after home rental platform Airbnb Inc. saw its valuation balloon to about $100 billion on its trading debut in the U.S.

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