Equity capital markets
Activity in the equity capital markets totalled just $156 million from seven issues this week, down from the $1.1 billion raised through 10 deals in the week prior and marks the lowest weekly level since March 2 last year $20 million from seven deals.
The biggest deal of the week was Xizang Haisco Pharmaceutical Group’s $127 million initial public offering, which places bookrunner Citic Securities to the top of the league table ranking for the first week of 2012.
Last week saw Goldman Sachs cap off 2011 at the top of the Asia ex-Japan ECM league table with $13.2 billion. Morgan...