Equity capital markets
Activity in the equity capital markets totalled $6 billion through 22 issues so far this week, more than double the $2.5 billion raised in the same period last week, which brings 2012 volume in the region to $146 billion, down 4% from the $154.5 billion raised during the same 2011 period.
PICC’s $3.1 billion IPO completed on November 30 was the biggest ECM deal of the week and also marks the fifth-biggest new listing globally so far this year. The deal also stands as the second-largest new listing in the region so far this year.
The other notable transaction of the...