Equity capital markets
Volume in the equity capital markets dropped this week to $249 million from just three issues, marking the lowest weekly issuance since March 2009. The top three banks in the league table remain unchanged with Goldman Sachs $11.4 billion, followed by Morgan Stanley and UBS.
Hunan Er-Kang Pharmaceutical’s $129 million IPO was the largest deal of the week and led by Southwest Securities.
Deals scheduled to...