Equity capital markets
Activity in the equity capital markets totalled $2.7 billion this week from 12 issues, with year-to-date IPO volume reaching $118 billion, down 15% from the $138.6 billion raised in the same period in 2010.
The top three standings in the league table remain unchanged with Goldman Sachs leading with $10.4 billion, followed by Morgan Stanley and Deutsche Bank.
Founders Securities’ $905 million offering was the biggest issue this week, led by Ping An Securities and CITIC Securities. The deal was also the fifth-biggest Chinese IPO this year and the first finance sector Chinese IPO to complete this year.
...
