Equity Capital Markets
The equity capital markets moved forward at a steady pace last week, raising $2.5 billion from 16 issues. This brings year-to-date issuance to $4.7 billion, which is 23% lower than in the same period last year. However, with 38 completed deals, the deal activity is more than double the level recorded year-to-date last year.
Continuing on from last year, UBS sits at the top of the league table ranking with $762 million from one deal so far, followed by Citic Securities and Ping An Securities on $461 million and $439 million respectively.
Reliance Industries' $762 million follow-on offering, which was led by UBS on a sole basis, was the largest deal of...
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