Brexit to hobble UK ECM this year

The UK’s equity capital markets are facing a difficult year, as companies hold off from share sales due to the uncertainty surrounding the UK’s impending departure from the European Union. The German-speaking region is therefore likely to be the dominant fee pool in Europe this year, while emerging markets will become a still more important source of IPOs on the London Stock Exchange. But Brexit angst is chilling markets even beyond the UK.

  • By Aidan Gregory
  • 05 Feb 2019

Last year, the DACH region of Germany, Austria and Switzerland eclipsed the UK and Ireland as the biggest fee pool in Europe, with total fees of $596m, versus $494m in the UK and Ireland, according to Dealogic's database.

This was in part due to jumbo IPOs in ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 163,028.47 711 8.04%
2 Citi 160,005.15 642 7.90%
3 Bank of America Merrill Lynch 132,268.74 528 6.53%
4 Barclays 127,185.71 494 6.28%
5 HSBC 106,407.22 534 5.25%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 12,912.95 35 6.60%
2 BNP Paribas 12,334.48 61 6.31%
3 UniCredit 11,196.47 58 5.73%
4 Citi 9,580.75 37 4.90%
5 Deutsche Bank 8,953.95 35 4.58%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 5,579.06 26 10.66%
2 JPMorgan 4,866.13 28 9.30%
3 Goldman Sachs 4,405.13 21 8.41%
4 Citi 3,774.81 24 7.21%
5 UBS 3,602.23 16 6.88%