Equity Capital Markets
The Asian equity market exploded into life this week with over $2.6 billion raised from 20 deals. China Netcom led the way with its $1.1 billion IPO run by Goldman Sachs, China International Capital Corp and Citigroup.
This pushed leader Goldman Sachs out to $9.3 billion credit from 28 deals, over $2.3 billion ahead of Morgan Stanley in second. Citigroup was the big mover of the week however, slipping ahead of Deutsche Bank into sixth position.
In addition to the credit received on the China Netcom deal it picked up a further $526 million on the Esprit accelerated bookbuild. This puts the US house on $3.2 billion from 27 deals, up almost...