Equity Capital Markets
The equity capital markets raised $586 million from 16 issues this week and saw the pricing of two IPOs greater than $100 million in size -- the first time this has happened since the week commencing July 21, 2008, when Bayan Resources' raised $528 million ahead of a new listing and Perwaja Holdings' completed its $113 million IPO. UBS, Bank of America-Merrill Lynch and Morgan Stanley continue to lead the league table ranking on $2.7 billion, $2.2 billion and $2.1 billion respectively.
The IPOs of note this week were Silver Base Group Holdings' $134 million offering via BOC International and UBS; and Changyou.com's $120 million deal led by Credit Suisse and Bank of America-Merrill Lynch.