Equity capital markets
Equity capital markets activity totalled $6.7 billion through 19 deals during the past week, up from a mere $27 million during the first week of the year, making this the busiest start to a year on record.
Volume was driven by Industrial Bank Co’s $3.8 billion follow-on through bookrunners Credit Suisse, Citic Securities, Goldman Sachs and Hongta Securities. It is the world’s biggest ECM deal so far in 2013, and the biggest Chinese ECM transaction since Bank of Communications’ $4.7 billion follow-on in August 2012.
Goldman Sachs finished 2012 on top of the Asia ex-Japan ECM league table with $13.3...