League table wrap first quarter 2004

Market volumes grow, but last year''s leaders fail to sustain the momentum they built up in 2003.

ECM




In a robust quarter that was bustling with activity, Goldman Sachs leads the ECM table with $3.2 billion from four transactions. These consist of three stock deals and one convert as the US house scooped mandates on some massive offerings in the first quarter.



Morgan Stanley and Merrill Lynch are neck and neck for second spot with Morgan edging the race by less than $100 million with $2.87 billion next to $2.79 billion. Merrill's credit is derived almost 50...

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