• European IPO market shines as deals win demand, trade up

    With less than two weeks to go until Good Friday, the wave of IPOs launched over the past month is progressing well, with very few failed or restructured deals, while all the flotations of significant size that have been completed already have performed well in the aftermarket.

    • 08:00 PM
  • Cheer in ECM as volume doubles, led by rights, blocks

    With the first quarter of 2017 nearly over, investment banks’ heads of equity capital markets can report to their bosses a much improved flow of business, compared with last year.

    • 04:30 PM
  • Čez exits Mol stake with €462m block trade and buyback of exchangeable

    Shares in Mol, the Hungarian oil and gas company, fell 3.4% early on Thursday morning but recovered to close flat, after Čez Group, the Czech electricity company, sold its whole 7.5% stake in Mol through an accelerated bookbuild, while buying back bonds it had issued that were exchangeable into Mol shares.

    • 09:00 PM
  • Jefferies banker shared rights issue info ‘to impress’

    The UK’s Financial Conduct Authority (FCA) has fined Christopher Niehaus, a former managing director in industrials investment banking at Jefferies, for sharing information about a client’s rights issue to impress his friends.

    • 12:30 PM
  • BioPharma Credit rises 2.9% after $762m London IPO

    Shares in BioPharma Credit, the UK closed end investment fund focused on the debt of life sciences companies, closed 2.9% above their IPO price on Thursday when they started trading in London on Thursday after the company finished its $762m IPO.

    • 05:00 PM
  • Spanish IPO fiesta continues as Neinor rises on day one

    Shares in Neinor Homes, the Spanish home builder owned by Lone Star Funds, closed 3% above their IPO price on Wednesday after it made its debut in Madrid, in a show of investor confidence in the economic recovery in Spain.

    • 29 Mar 2017
  • Deal after deal done as equity capital markets hold up

    Chatter about the 'Trump Dump' as investors lose confidence in US economic stimulus may be intensifying, but it has not produced the equity correction predicted, and capital markets in Europe are ploughing ahead, unfazed by the UK's triggering of Article 50 on Wednesday.

    • 29 Mar 2017
  • EC closes curtains on LSE-Börse merger

    The European Commission on Wednesday struck down the all-but-dead proposed merger of the London Stock Exchange Group (LSEG) and Deutsche Börse.

    • 29 Mar 2017
  • Nordic, Avista raise £975m in first ConvaTec block, sell £1bn to Novo

    Nordic Capital and Avista Capital Partners completed on Tuesday night the first block trade in ConvaTec, the UK wound care and catheters company, since its blockbuster £1.6bn IPO in October. The deal was increased by 25%, to fetch £975m.

    • 28 Mar 2017
  • Cobham shares rise as it sets terms for £512m rights issue

    Cobham, the UK defence company, has today announced the pricing for its rights issue, a day after declaring that it was being investigated by the Financial Conduct Authority for its handling of inside information around its last rights issue, in April 2016.

    • 28 Mar 2017
  • Segro raises £576m for Heathrow property buyout, rump sells fast

    Segro, the UK real estate investment trust, has successfully completed its £576m rights issue with a £16.7m rump placement this morning.

    • 28 Mar 2017
  • Galenica Santé heads for largest Swiss IPO since 2015

    The IPO of Galenica Santé, the retail pharmacies unit of the Swiss pharmaceutical group Galenica, is covered throughout its price range, less than two working days into the bookbuild.

    • 28 Mar 2017
  • Vicenza compensates shareholders as market awaits recap decisions

    Banca Popolare di Vicenza was looking to minimise the threat of litigation claims from its shareholders on Tuesday, as three struggling Italian banks await decisions from European authorities regarding their requests for “precautionary recapitalisations”.

    • 28 Mar 2017
  • JC Flowers sells 10% OneSavings Bank for £96m

    Shares in OneSavings Bank, the UK challenger bank, closed 6.2% lower on Tuesday after US private equity firm JC Flowers & Co completed its second block trade of stock in the bank since its £143m IPO in June 2014.

    • 28 Mar 2017
  • More woe for Cobham as FCA investigates 2016 rights issue, trading statement

    Shares in Cobham, the troubled UK aerospace and marine technology company, fell 1.9% on Monday after it revealed that it was being investigated by the Financial Conduct Authority for its handling of inside information before its trading update in April 2016, when it announced its last rights issue.

    • 27 Mar 2017


Recent highlights

  • Medica Group climbs 44% since London IPO

    Shares in Medica Group, the UK provider of teleradiology reports, have risen 44% above their IPO price since they began trading on the main market of the London Stock Exchange on Tuesday, March 21, valuing the company at £217m.

    • 27 Mar 2017
  • Aumann jumps 19% on debut after €218m IPO finds good demand

    Shares in Aumann, the German maker of wire enamelling and electric motors for cars, rose 20% above its IPO price on Friday after making its debut on the Frankfurt Stock Exchange, giving it a market cap of €704m.

    • 24 Mar 2017
  • European IPOs shrug off mid-week dip to power into Easter

    With less than three weeks to go until the Easter holiday, the IPO market in Europe is looking strong, after several deals were successfully completed last week and others were covered quickly. Despite a stockmarket sell-off in the US on Tuesday, bankers are confident the remaining IPOs will go well, writes Aidan Gregory.

    • 23 Mar 2017


Deals in the pipeline

Completed deals

Capital markets data from GlobalCapital


Go to GlobalCapital's Equity data pages for our daily updated EMEA IPO pipeline, as well as revenue and bookrunner league tables for equity capital markets around the world.


Equity people & markets

  • Barclays' head of levfin EMEA set to leave

    Barclays’ head of EMEA leveraged capital markets is set to leave the bank, according to sources with knowledge of the matter.

    • 27 Mar 2017
  • Suen leaves top Asia ECM role at JPM

    JP Morgan’s head of ECM for Asia ex-Japan David Suen has left after close to a decade with the US bank, according to an internal memo seen by GlobalCapital Asia.

    • 27 Mar 2017
  • ICG CEO calls it a day

    Intermediate Capital Group’s CEO and chief investment officer is to retire later this year after 23 years at the firm.

    • 24 Mar 2017
  • JP Morgan rehires Barry Meyers from Barclays

    Barry Meyers, head of UK equity capital markets at Barclays for the past two years, will rejoin JP Morgan in June after three months' gardening leave.

    • 24 Mar 2017
  • Washington lacks muscle for major regulatory change

    Wall Street workers hoping for a regulatory sea change under president Donald Trump are going to have to adjust their expectations, as empty posts at all levels of government are set to hinder lasting reform.

    • 23 Mar 2017
  • El-Amir leaves UniCredit for Evercore

    UniCredit’s former head of group finance Waleed El-Amir has left the bank to join advisory boutique Evercore.

    • 23 Mar 2017
  • Diamond’s Panmure purchase marks bet on building on in mid-market

    Buying Panmure Gordon may not be the Bob Diamond comeback that everyone was clamouring for, but it could mark the first step in the formation of a non-bank financial player in the mould of Cantor Fitzgerald, writes David Rothnie.

    • 23 Mar 2017
  • Uncertainty surrounds much-awaited Chinese tech IPOs

    A clutch of China’s technology stars had been expected to dazzle the market with their IPOs this year, but the evolving regulatory environment means many are ambivalent about whether to list onshore or off. Market watchers say fintech players could be pushed to the US, even as other tech firms consider an A-share IPO. John Loh reports.

    • 23 Mar 2017

more people & markets


equity news archive



Bookrunners of Global ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Goldman Sachs 15,747.26 83 8.03%
2 JPMorgan 14,654.46 91 7.47%
3 Citi 10,998.12 88 5.61%
4 Bank of America Merrill Lynch 10,530.74 85 5.37%
5 Morgan Stanley 10,335.90 86 5.27%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Mar 2017
1 JPMorgan 6,305.34 22 10.84%
2 Deutsche Bank 4,468.97 23 7.68%
3 UBS 4,270.64 20 7.34%
4 Citi 3,833.33 28 6.59%
5 Goldman Sachs 3,788.75 20 6.51%

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 Bank of America Merrill Lynch 10,650.87 23 11.13%
2 Deutsche Bank 8,169.49 17 8.53%
3 HSBC 6,243.46 23 6.52%
4 Citi 4,355.35 13 4.55%
5 SG Corporate & Investment Banking 4,273.37 17 4.46%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Mar 2017
1 JPMorgan 6,305.34 22 10.84%
2 Deutsche Bank 4,468.97 23 7.68%
3 UBS 4,270.64 20 7.34%
4 Citi 3,833.33 28 6.59%
5 Goldman Sachs 3,788.75 20 6.51%