Equity Capital Markets
A shade over $1.5 billion was raised last week with Morgan Stanley acting as joint books alongside China International Capital Corp CICC on the week's biggest transaction - the $696 million IPO for Chinese insurance giant PICC. Despite this the US house remained in sixth place, even though fifth placed JP Morgan did not run any deals.
Deutsche Bank was the only mover as it continued its surge up the table. The German bank replaced CSFB in seventh place after adding $157 million from two convertibles - a $150 million issue for Tom.com with Citigroup and a $82.7 million deal for Uni-President Enterprise of Taiwan. This credit enabled Citigroup to further...
