Strong bid for tech continues with $800m Proofpoint convert

Proofpoint, the California-based cyber security company, became the latest issuer this week to take advantage of the booming market for US technology sector convertible bonds, raising $800m to finance its growth.

  • By Aidan Gregory
  • 22 Aug 2019

The deal was increased in size by $50m due to the strength of investor demand for the bonds.

Despite heightened levels of equity volatility at various points year, technology stocks have remained popular with investors. The Nasdaq has rallied by more than 20% since the start of ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 301,362.40 1365 8.53%
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4 Barclays 216,691.99 880 6.14%
5 Goldman Sachs 173,920.50 728 4.92%

Bookrunners of All Syndicated Loans EMEA

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1 BNP Paribas 33,643.72 149 7.28%
2 Credit Agricole CIB 33,397.69 144 7.23%
3 JPMorgan 25,483.12 69 5.52%
4 Bank of America Merrill Lynch 23,368.44 65 5.06%
5 SG Corporate & Investment Banking 22,643.54 106 4.90%

Bookrunners of all EMEA ECM Issuance

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1 JPMorgan 9,438.24 58 10.23%
2 Morgan Stanley 8,636.03 42 9.36%
3 Goldman Sachs 7,738.32 41 8.39%
4 Citi 6,445.29 48 6.98%
5 Credit Suisse 5,197.34 30 5.63%