Equity Capital Markets
After a slow start to the year, the equity capital markets have re-found some momentum, with issuance in the month of June alone totaling $10.2 billion from 88 deals. Volume for the first half of 2005 has reached $34.6 billion from 570 trades, down from the $43.7 billion raised in the first half of 2004.
The biggest transaction for the year to date has been China Shenhua Energy's $2.9 billion IPO, priced earlier this month via Merrill Lynch, Deutsche Bank and China International Capital Corp.
Merrill Lynch leads the field in the league table rankings for the first half...