Airtel and Traton shares fall on first day of trading

Shares in Airtel Africa are down at 68.5p on their first day of trading in London, over 14% below the IPO price of 80p a share, while VW’s truck division Traton is down almost 2% on its first day in Frankfurt.

  • By Sam Kerr
  • 28 Jun 2019

Bank of AmericaCiti and JP Morgan are global coordinators for the IPO of Airtel Africa, the African division of India’s Bharti Airtel. Absa Group, BarclaysBNP ParibasGoldman SachsHSBC and Standard Bank are bookrunners.

The $540m IPO was priced at 80p on Thursday, at the bottom of the ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 299,908.40 1348 8.58%
2 Citi 269,633.69 1139 7.71%
3 Bank of America Merrill Lynch 233,702.48 955 6.69%
4 Barclays 215,977.22 873 6.18%
5 Goldman Sachs 171,316.37 716 4.90%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 34,547.72 148 7.49%
2 Credit Agricole CIB 33,319.19 143 7.23%
3 JPMorgan 25,404.62 68 5.51%
4 Bank of America Merrill Lynch 23,368.44 65 5.07%
5 SG Corporate & Investment Banking 22,565.04 105 4.89%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 9,273.57 56 10.30%
2 Morgan Stanley 8,122.33 40 9.02%
3 Goldman Sachs 7,738.32 41 8.59%
4 Citi 6,426.54 47 7.14%
5 UBS 4,913.18 26 5.46%