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  • Latest Print Issue
  • April 11 2014

Equity

Top Equity News

ECM Outlook

  • Outlook: deals thrive amid volatility fears

    While volatility was up this week, so was the amount of deals, and bankers are confident that next week will see another run of issuance despite fears about secondary market valuations.

    • 20 Mar 2014

Latest ECM Opinion

  • UK can never relive Lloyds sell-down success with Royal Mail

    The UK government now owns a 24.9% stake in Lloyds and a 30% stake in Royal Mail. But although the National Audit Office has recommended that lessons are learnt from the Lloyds share sell-downs, the performance of the two stocks over the past few months means that wildly different approaches are needed.

    • 01 Apr 2014

Taking Stock

Coverage Message

The Ukraine crisis does not — despite everyone’s happiest hopes and optimistic predictions — look like it’s going to work out just fine. What the country is calling an anti-terror operation is now under way to clear Russian forces from the country. That’s likely to keep Russian ECM on hold for even longer while conditions in Russian capital markets are going to have to become much more reasonable.

Elsewhere in bad news, tech stocks are still plunging. And why not? Fussed-over listing candidate Airbnb is turning apartments into brothels. Yahoo — about to IPO Alibaba — is trying to be a TV company. Google bought a drone company, joining Facebook in a business that is frankly terrifying. And the someone in that industry invented the word bro-founder (following on from the also unbearable bro-grammer). 

The world marvels as investors turn away from an industry that advertises IPOs with selfies and men dressed as pizzas. This is what happens when it all goes wrong.

And just in case all of that hand't got you down, here's how Bain Capital is hoping to cash in on some of society's weakest and most vulnerable, for your journey home.

Latest Equity News

  • Bravofly Rumbo falters on first day of trading

    Bravofly Rumbo’s newly listed shares have traded slightly down on their debut on the SIX Swiss Exchange after the Swiss online travel agent completed its Sfr256m ($291.3m) IPO on Monday.

    • 15 Apr 2014
  • Swiss property firm hopes to build with flotation

    Swiss property firm Hiag Immobilien launched a Sfr200m ($228m) IPO on Tuesday that it hopes will help it grow its business, which redevelops industrial buildings into housing.

    • 15 Apr 2014
  • Lloyds raids RBS for northern European FIG head

    Lloyds has appointed Stef Merckx to head northern European banks in its financial institutions group. He joins from RBS, where he covered banks in the CEEMEA region, though before that he covered financial institutions in the Netherlands.

    • 15 Apr 2014
  • BCS boosts Moscow team with Ibragimov

    BCS has hired Marat Ibragimov from Uralsib Capital as a senior equity analyst for its research team in Moscow. Ibragimov will cover consumer discretionary, food retail, pharma and real estate markets.

    • 15 Apr 2014
  • Citigroup profits rise 3.5% following CCAR embarrassment

    Citigroup reported better than expected profit on Monday, despite a pre-flagged plunge in fixed income trading revenues, which were down 18% on the year.

    • 14 Apr 2014
  • JPM promotes Zethraeus to fill Lustig’s Swedish IB spot

    JP Morgan has promoted Bo Zethraeus to head of investment banking for Sweden, replacing Johan Lustig, who has gone to run global corporate and investment banking for the Nordics at Bank of America Merrill Lynch.

    • 14 Apr 2014
  • Russian ECM grinds to a halt as government tries to coax back issuers

    Disruption from events in Ukraine is likely to curtail Russian listings for much of the rest of the year, and government attempts to persuade issuers to bring their primary listings back to the country will probably fail, bankers said as a key deadline passed on Monday.

    • 14 Apr 2014
  • SA platinum miner hikes capital for mine development

    South African mining company Royal Bokafeng Platinum completed a R800m ($76m) capital raise on Monday that will allow the company to develop a new mine.

    • 14 Apr 2014
  • BNPP relaunches Polish flotation

    BNP Paribas is seeking to revive the re-IPO of its Polish subsidiary, which it was forced to pull last year amid a domestic buyers' strike.

    • 11 Apr 2014
  • UK labs group Exova reduces debt with £220m IPO

    Exova, the UK laboratory testing firm, completed a £220m IPO on Friday that will help it reduce its debt.

    • 11 Apr 2014

All International Bonds Ranking

Rank Lead Manager Amount $m No of issues Share %
1 JPMorgan 111,653.77 379 8.03%
2 Barclays 110,498.80 347 7.94%
3 Bank of America Merrill Lynch 101,573.05 316 7.30%
4 Deutsche Bank 99,049.91 375 7.12%
5 Citi 95,827.47 329 6.89%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
1 Credit Agricole CIB 9,929.31 26 7.07%
2 BNP Paribas 9,645.75 40 6.87%
3 HSBC 6,672.28 40 4.75%
4 Barclays 6,583.64 26 4.69%
5 Deutsche Bank 6,575.21 26 4.68%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
1 Goldman Sachs 11,056.32 30 12.83%
2 JPMorgan 8,454.91 40 9.81%
3 UBS 8,155.52 24 9.46%
4 Deutsche Bank 7,347.53 24 8.53%
5 Bank of America Merrill Lynch 6,847.17 17 7.95%