Just six deals were priced last week in the equity capital markets, with none of them breaking the $100 million barrier. The largest offering was the $50 million convertible offering for Tomson run by Deutsche Bank. This pushed the German house through $2 billion for the year, but still leaves it over $300 million short of fifth placed JP Morgan.
Morgan Stanley continues to lead the table with $3.8 billion from 15 deals, over $450 million ahead of nearest rival Goldman Sachs, which has $3.4 billion to its name. UBS and Merrill Lynch round of the top five, with fourth placed Merrill some $700 million clear of JP Morgan.
Banks still have...
