UK market takes on its critics as Esure launches £500m deal

Esure, the UK motor insurer, launched an up-to £500m IPO on Wednesday, shrugging off the prospect of a lengthy period of market volatility. But, in what has become a familiar, if aggravating, ritual for bankers managing UK floats, the intention-to-float was accompanied by warnings from a vociferous domestic element about pricing — despite an increasingly positive track record.

  • 01 Mar 2013
This time, the public commentary included a broadside from outspoken veteran Andy Brough, who runs small and mid-cap funds at Schroders, at the IPO process. He complained that institutional investors were being asked to price floats after "endless rounds of meetings" instead of being given a hard underwritten ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 345,198.83 1347 8.09%
2 JPMorgan 341,363.25 1469 8.00%
3 Bank of America Merrill Lynch 306,420.54 1057 7.18%
4 Barclays 256,906.26 968 6.02%
5 Goldman Sachs 227,680.37 772 5.34%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 48,038.21 201 6.58%
2 JPMorgan 46,115.73 103 6.31%
3 UniCredit 39,566.35 173 5.42%
4 Credit Agricole CIB 37,118.63 184 5.08%
5 SG Corporate & Investment Banking 36,637.33 141 5.02%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,111.63 62 8.97%
2 Goldman Sachs 13,469.15 66 8.56%
3 Citi 9,971.36 58 6.34%
4 Morgan Stanley 8,572.10 54 5.45%
5 UBS 8,391.04 36 5.33%