Equity Capital Markets
Morgan Stanley continues to lead the ECM league table with Goldman Sachs its nearest rival some $600 million adrift. UBS rounds off the top three, but is over $1 billion behind the leaders.
The top two, along with HSBC and BOCI, gained almost $460 million credit apiece for the biggest Asian IPO of the year, the $1.8 billion offering for Ping An Insurance on Friday last week. This deal pushed HSBC up to seventh and the UK house may climb higher following the pricing of the $300 million IPO for Dah Sing Bank today.
BOCI recorded its first equity transaction of the year and moved up into 18th place. In a...