The second week in March produced the third highest weekly volume of the year with $3.2 billion issued, $300 million more than last week. In doing so the market crashed through the $20 billion barrier - a feat only achieved by the third quarter of 2003.
Credit Suisse First Boston and Deutsche Bank led the largest IPO of the year so far - a $1.8 billion offering for SMIC of China. This pushed the two European houses well up the table, with Deutsche rising from tenth to fourth and CSFB from twelfth to fifth.
This surge caused JPMorgan to slide down two spots to sixth, despite pricing a $270 million...
