Equity Capital Markets
The first full week of the new quarter produced just six deals raising $335 million. This is the second lowest week of the year, just slightly higher than the $318 million recorded in week seven.
JPMorgan acted as joint lead along with Phatra Securities to price the largest deal of the week yesterday - a $270 million IPO for Glow Energy. This is the largest IPO out of Thailand this year and pushes Thai volume up to $550 million for 2005.
Despite this deal, the US house remains in fourth, although it is now just $14 million behind Citigroup in third. Merrill Lynch still leads the way with $2.4 billion from...