Growth IPOs boost 2019 returns but political risks persist

The EMEA IPO market has performed solidly in the first half of 2019, with high growth propositions in particular outperforming. Nevertheless, with disparate year-to-date returns between offerings and geopolitical tensions likely to surface in the autumn, sellers will act with heightened caution when the market reopens in September, writes Sam Kerr.

  • By Sam Kerr
  • 04 Jul 2019

If the European IPO market were an index in its own right it would have yielded year-to-date returns of roughly 11.2%, according to GlobalCapital calculations using data from Dealogic and weighting each deal appropriately for size.

Year-to-date, the IPO market as a whole has underperformed the Eurostoxx 600, ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 298,323.65 1341 8.59%
2 Citi 269,047.62 1134 7.75%
3 Bank of America Merrill Lynch 232,961.57 951 6.71%
4 Barclays 214,961.76 865 6.19%
5 Goldman Sachs 169,802.27 706 4.89%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 34,547.72 148 7.51%
2 Credit Agricole CIB 33,319.19 143 7.25%
3 JPMorgan 25,404.62 68 5.52%
4 Bank of America Merrill Lynch 23,368.44 65 5.08%
5 SG Corporate & Investment Banking 22,509.71 104 4.89%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 9,273.59 56 10.30%
2 Morgan Stanley 8,122.33 40 9.02%
3 Goldman Sachs 7,738.32 41 8.60%
4 Citi 6,426.54 47 7.14%
5 UBS 4,913.18 26 5.46%