Russian IPOs on ice as listed market shrinks

Ready and willing equity investors are facing another year of frustration in Russia, with the country's IPO activity set to underwhelm until 2020.

  • By Sam Kerr
  • 06 Aug 2019
Demand for Russian ECM deals has rapidly improved this year. The market was effectively shut in 2018 after the US Treasury Department imposed sanctions on some Russian business figures — notably Oleg Deripaska, the owner of aluminium company Rusal, power utility EuroSibEnergo and both firms' holding company EN+. ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 260,264.52 1167 8.49%
2 Citi 237,013.77 993 7.73%
3 Bank of America Merrill Lynch 202,540.22 831 6.61%
4 Barclays 188,016.56 770 6.13%
5 Goldman Sachs 147,310.58 610 4.81%

Bookrunners of All Syndicated Loans EMEA

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1 BNP Paribas 31,872.91 136 7.74%
2 Credit Agricole CIB 27,567.28 117 6.69%
3 JPMorgan 23,570.89 63 5.72%
4 Bank of America Merrill Lynch 23,072.58 63 5.60%
5 UniCredit 20,250.58 112 4.91%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 8,331.89 50 10.24%
2 Morgan Stanley 7,744.92 38 9.52%
3 Goldman Sachs 7,137.50 38 8.77%
4 Citi 5,856.44 44 7.20%
5 UBS 4,823.67 25 5.93%