Equity

  • Crowd of small and midsize IPOs priced, only a few mishaps

    A flotilla of IPOs reached harbour safely this week, through waters calmed by the European Central Bank’s quantitative easing medicine, and whatever other magical ingredient has made financial professionals feel so much better since Easter. But one debutant tripped up and another IPO was pulled.

    • 28 Apr 2016
  • Telepizza’s €550m IPO sells well, but drops 20% on debut

    The recent run of good news on IPOs was broken on Wednesday when Telepizza made a dire debut on Bolsa Madrid after its €550m flotation, priced on Tuesday.

    • 27 Apr 2016
  • Hedgies happy with thin upside on CS’s £1bn SABMiller trade

    Just two working days after Numis’s dashing block trade in Saga stock on Thursday last week, Credit Suisse brought another sparky, sole-managed deal to the market on Monday night, with a £1bn sale of SABMiller shares for Jan Kulczyk, the Polish billionaire.

    • 26 Apr 2016
  • Numis’s Saga trade wins cheers (and a hiss) as stock rises

    Shares in Saga, the UK insurance and holidays group for the over-50s, have risen sharply since the biggest ever block trade in the stock — and the last for its private equity owners — which Numis Securities handled alone on April 21.

    • 22 Apr 2016
  • Lehto prices prefab homes IPO at top, pops by 15%

    Lehto Group, the Finnish modular construction company, pulled off the rare feat of pricing its IPO at the top of the range this week, and then saw the stock rise 15% on its debut on Thursday.

    • 28 Apr 2016
  • Thule, Tarkett results prompt PEs to sell down

    Tuesday and Wednesday brought a pair of private equity block trades following first quarter results, but nothing to match the fireworks of Monday night, when Credit Suisse placed £1bn of stock in SABMiller for Kulczyk Investments at a 0.88% discount.

    • 27 Apr 2016
  • Severstal reopens Russian CBs for $200m

    Severstal, the steelmaker, reopened the Russian convertible bond market on Tuesday, with what bankers on the deal said was the first issue since 2013.

    • 26 Apr 2016
  • Equity block trades market ain’t broken — don’t try to fix it

    The block trade market is an exciting, risky part of the equity business. Banks can slip up — but that shows how hard they are competing for deals. If, as it seems, block trades work well for issuers and investors, regulators like the Financial Conduct Authority should not interfere.

    • 26 Apr 2016
  • Deutsche owns €225m of Elis after failed block trade

    Deutsche Bank was left holding 12% of Elis’s stock, worth €225m, after a block trade on the evening of Thursday April 14 that failed to clear.

    • 22 Apr 2016


Recent highlights

  • Saudi post-oil plan won't be easy

    Saudi Arabia on Monday announced its plans to diversify away from oil production through a plan it called "Vision 2030". But the oil rich nation won't find it easy to execute in the plan, particularly when it comes to attracting skilled foreigners to fuel its goals.

    • 26 Apr 2016
  • Seadrill triumphs with $198m SapKen block

    Seadrill has sold the remainder of its stake in SapuraKencana Petroleum via a MR774.72m ($198.35m) accelerated share sale, putting to bed a deal that failed to clear only three weeks ago.

    • 28 Apr 2016
  • Vallourec rights issue on course for high take-up

    Vallourec’s €480m rescue rights issue is heading for a successful conclusion on Friday April 22, bankers working on it said this week.

    • 21 Apr 2016


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

  • SG’s Escoffier heads out after Drouet steps up

    David Escoffier, deputy head of global markets at Société Générale CIB and the former chief executive of Newedge, has left the French bank after 17 years following the promotion of one of his colleagues to run global markets.

    • 28 Apr 2016
  • MUFG announces new heads for securities arm

    Mitsubishi UFJ Financial Group (MUFG) has made two senior appointments to its securities business, naming Dong Nam to the newly created position of deputy CEO and Yasutaka Suehiro as head of Asia and CEO.

    • 29 Apr 2016
  • Small firms could escape Basel trading rules

    The European Commission has asked for a study on whether firms with small trading books might be able to use a different version of Basel’s proposed rules on capital for trading assets, or whether the rules could be calibrated differently.

    • 28 Apr 2016
  • Barclays numbers show transatlantic restructure starting to work

    Barclays’ results held up better than those of its rivals, suggesting its transatlantic strategy is starting to work, writes David Rothnie.

    • 28 Apr 2016
  • Trader pain as BoJ sends market reeling

    The fervour of expectation in the run up to this week’s US Federal Reserve and Bank of Japan meetings ended in widespread pain for foreign exchange, equity and derivative market participants.

    • 28 Apr 2016
  • Deutsche’s business cuts leave headcount unchanged as bank sneaks back to profit

    Despite high profile restructuring efforts, the exit of business lines and substantial redundancies in debt capital markets, Deutsche Bank’s front office headcount remains remarkably resilient.

    • 28 Apr 2016
  • Promise vs profit: Barclays IB defies doubters

    Signs of progress under new chief executive Jes Staley saw Barclays shares up almost 4% early on Wednesday, but with profits down 25% and return on equity languishing at 3.8% in the first quarter, they were soon trading down.

    • 27 Apr 2016
  • Dollar-yen options surge after Bank of Japan leak

    Dollar-yen currency option prices have risen sharply this week in line with shifting expectations for the Bank of Japan meeting on Thursday, after details were leaked by anonymous officials of a possible negative loan rate to encourage banks to lend.

    • 27 Apr 2016
  • China’s economic reforms could delay RMB internationalisation

    China's transition from an investment to a consumption economy is moving forward, but GDP growth concerns are likely to delay the country’s reform agenda.

    • 27 Apr 2016

more people & markets


equity news archive



Bookrunners of Global ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,963.47 85 6.62%
2 Goldman Sachs 12,555.95 75 6.42%
3 Citi 9,676.41 62 4.94%
4 Morgan Stanley 9,529.32 65 4.87%
5 Bank of America Merrill Lynch 9,524.01 62 4.87%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Apr 2016
1 Bank of America Merrill Lynch 3,682.08 19 7.83%
2 JPMorgan 3,609.62 23 7.68%
3 UBS 3,510.42 16 7.47%
4 Morgan Stanley 3,389.74 15 7.21%
5 Goldman Sachs 3,366.07 22 7.16%

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 125,987.25 502 8.19%
2 Citi 117,969.90 406 7.67%
3 Barclays 114,759.09 324 7.46%
4 Bank of America Merrill Lynch 111,151.62 353 7.23%
5 HSBC 93,290.22 369 6.07%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Apr 2016
1 UniCredit 11,000.84 37 7.47%
2 Barclays 10,366.49 9 7.04%
3 HSBC 9,686.14 33 6.58%
4 Morgan Stanley 9,493.83 4 6.45%
5 Rabobank 7,364.24 11 5.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Apr 2016
1 Bank of America Merrill Lynch 3,682.08 19 7.83%
2 JPMorgan 3,609.62 23 7.68%
3 UBS 3,510.42 16 7.47%
4 Morgan Stanley 3,389.74 15 7.21%
5 Goldman Sachs 3,366.07 22 7.16%