Looking to raise billions via an IPO? Well, you could be out of luck for some time, but smaller players with less onerous ambitions and a niche offering - such as WiMi Holdings and Tycoon Group - may buck the depressing trend.
The online social media platform provider is set to become the first Chinese company to list in the US since March, with a plan to raise up to $97.5 million.
BoA Merrill upgrades its online treasury management portal with new applications, while Western Union completes its acquisition of Travelex global business payments.
China and India will continue to dominate DR issuance from Asia, but issuers from new markets like Vietnam and Mongolia are also likely to emerge, the bank says in a report.