The worldÆs largest IPO came to the market this week in the form of ICBCÆs $19 billion issue that was priced at the top of the range today (Friday), pushing year-to-date volume over the $87 billion mark. Goldman Sachs and UBS have hung onto first and second place with $9.3 billion and $8.5 billion respectively while some reshuffling in the league tables took place below.
China International Capital Corp, Credit Suisse, Deutsche Bank, ICEA Capital and Merrill Lynch ran the books on the H-share listing. Deutsche Bank has now clinched third spot in the rankings, pushing JPMorgan down to fourth, while Credit Suisse and Merrill Lynch have jumped up to fifth and sixth respectively (from eighth and ninth place last week). China International Capital Corp sits outside the top 10 in thirteenth place while ICBC makes its league table debut in the fourteenth spot.
Debt Capital Markets
The debt capital markets saw $619 million raised this week via two deals. The top 10 league table rankings remain unchanged with UBS leading the pack with $3.9 billion from 17 trades, followed by Morgan Stanley and Deutsche Bank.
Merrill Lynch and Deutsche Bank printed a $400 million trade for ICICI Bank, the largest deal of the week. ABN Amro ran the books for RanhillÆs $220 million deal.