Equity capital markets
Volume in the equity capital markets dropped this week to $249 million from just three issues, marking the lowest weekly issuance since March 2009. The top three banks in the league table remain unchanged with Goldman Sachs $11.4 billion, followed by Morgan Stanley and UBS.
Hunan Er-Kang Pharmaceutical’s $129 million IPO was the largest deal of the week and led by Southwest Securities.
Deals scheduled to price next week include Hongguo International Holdings’ $178 million IPO led by Citi and DBS, and a $155 million IPO for Tenfu Cayman Holdings through Credit Suisse, CICC and Polaris Securities.
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