Equity Capital Markets
The equity capital markets continue to hold strong as the year-end approaches, with total issuance reaching $2.3 billion from 22 deals. Morgan Stanley has increased its lead at the top of the league tables with almost $10 billion from 38 issues and is trailed by Goldman Sachs and UBS.
Morgan Stanley strengthened its dominance in the league tables through its involvement in the two largest deals of the week. The US house ran the books for LG Philips LCD's $730 million bought deal, as well as Suntech Power Holdings' $455 million IPO together with Credit Suisse First Boston.
Although there is a margin of $2 billion between first and second...