Activity in the equity capital markets dropped to $946 million from 16 issues this week following three consecutive weeks of fundraising in excess of $5 billion. Goldman Sachs continues to head the league table rankings with a 10.6% market share, followed by Morgan Stanley and UBS with shares of 9.8% and 8.9% respectively.
A $496 million bought deal for MalaysiaÆs DiGi.Com was the largest issue of the week and led by CIMB Group and JPMorgan. The US investment house currently sits in fifth place in the rankings with a market share of 7.1%.
Citi ran the books for Hutchison Telecommunications InternationalÆs $130 million follow-on offering. The bank holds the fourth spot in the league tables with a 7.6% share.
Activity is expected to pick up with a number of large deals scheduled to price next week. Bank of China and UBS are leading a $1.4 billion IPO for Sinotrans Shipping; and Sinotruk (Hong Kong) is raising $1.0 billion in an IPO bookrun by China International Capital Corp and JPMorgan.
Debt Capital Markets
The debt capital markets remained silent for the second week in a row with zero trades.