Equity Capital Markets
The equity capital markets raised $3.3 billion this week from 23 issues, pushing year-to-date volume to $32.9 billion -- still down 22% year-on-year. Goldman Sachs now leads the field in the league table rankings on $5.2 billion, followed by UBS on $4.3 billion and Morgan Stanley on $4.2 billion.
Goldman Sachs jumped to the top of the league table on the back of its $1.9 billion sale of shares in Industrial and Commercial Bank of China ICBC. The US investment house also ran a $150 million accelerated bookbuild for a group of investors selling down their stake in Adaro Energy.
A $587 million fully-marketed deal for Smart Rich Energy Finance was...