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Go to Asia edition

IPO investors demand quality in 'difficult market'

IPO investors appear to be putting a high premium on company fundamentals when looking at new listings, focusing less on thematic trends and more on underlying numbers, as shown by the listings of Watches of Switzerland and Marel.

  • By Sam Kerr
  • 10 Jun 2019

Both traded up since listing, netting IPO investors solid gains, and raising hopes that other new listings will perform in a similar manner.

Marel is trading 4.9% above its €3.70 offer price on its second day of trading in Amsterdam and Watches of Switzerland has risen by over ...

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Bond Comments

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 187,839.72 828 8.20%
2 Citi 177,811.20 723 7.76%
3 Bank of America Merrill Lynch 146,015.32 604 6.37%
4 Barclays 141,376.85 560 6.17%
5 HSBC 117,136.47 604 5.11%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 17,156.20 81 7.00%
2 Credit Agricole CIB 14,626.10 73 5.97%
3 Bank of America Merrill Lynch 13,982.20 42 5.71%
4 UniCredit 11,996.19 65 4.90%
5 SG Corporate & Investment Banking 11,443.33 58 4.67%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 Morgan Stanley 6,404.49 28 10.72%
2 Goldman Sachs 5,586.94 27 9.35%
3 JPMorgan 5,185.92 33 8.68%
4 UBS 4,134.32 20 6.92%
5 Citi 4,039.74 28 6.76%