Equity Capital Markets
A total of $8.4 billion was raised from the equity capital markets this week, split on 22 issues. Goldman Sachs, Morgan Stanley and UBS maintain the top three places in the league table rankings on $17.2 billion, $14.9 billion and $14.3 billion respectively.
Coal India’s $3.4 billion IPO was the largest offering this week and also India’s biggest IPO on record. Bank of America Merrill Lynch, Citi, Deutsche Bank, Enam Financial Consultants, Kotak Mahindra Bank and Morgan Stanley led the deal.
Daqin Railway also raised $2.5 billion from a follow-on A-share offering, bookrun by China International Capital Corp, China Everbright Securities and Essence Securities. China International Capital Corp moved up a notch...