Equity Capital Markets
A total of $703 million was raised from the equity capital markets this week, pushing year-to-date volume to $77.3 billion -- now almost on par with the $77.8 billion raised in the same period in 2008. The deal flow of 785 issues so far this year has already surpassed the activity in the comparable period last year.
China International Capital Corp remains at the top of the league table ranking with $7.6 billion, followed by Morgan Stanley on $7.4 billion and Goldman Sachs on $7.0 billion. Zhejiang Longsheng Group's $183 million convertible was the biggest deal of the week and led by China Dragon Securities.