Equity capital markets
Activity in the equity capital markets totalled just $157 million from 13 transactions this week, marking the lowest weekly volume since the first week of March 2009 $21 million from seven issues. There were no equity-linked deals for the seventh time this year and weekly IPO volume was at its lowest since the last week of February $122 million.
Zhejiang Jinlei Refractories’ $44 million IPO through bookrunner Guosen Securities was the largest issue of the week. A $21 million IPO for Flexituff International was also completed this week and was led by Collins Stewart Inga.
Goldman Sachs leads the league...