• ECM looks for more privatisations if political pressure eases

    Equity capital markets bankers are in discussions with European governments about privatisations of state assets, but political upheaval has blocked several projects. Politicians are nervous of damaging headlines if they sell assets to the market.

    • 17 Apr 2019
  • Equity investors confident but warn IPO sellers not to over-price

    Equity investors have made solid returns so far in 2019, but many are wary about the pricing of European IPOs, where some sellers look like having high expectations.

    • 17 Apr 2019
  • Renowned Vodafone treasurer to leave

    Neil Garrod, group treasury director at Vodafone and one of the best known figures in the European corporate bond market, is understood to be leaving the UK mobile phone group. He is in talks with another company about becoming its finance chief.

    • 16 Apr 2019
  • Hot under the collar: banks make big calls in strategic equity

    A surge in shareholder activism is providing banks with a lucrative new source of revenue, but they have to tread carefully or risk losing treasured corporate relationships, writes David Rothnie.

    • 17 Apr 2019
  • Saudi mall operator joins packed EM IPO pipeline

    The Arabian Centres Co, a Saudi Arabian owner and operator of shopping centres, has launched a listing on the Saudi stock exchange.

    • 16 Apr 2019
  • EMEA IPOs enjoy best week since 2015

    Over €6bn of new IPO paper was priced in Europe last week, the best single week of issuance in over four years.

    • 15 Apr 2019
  • Yellow Cake raises £25.9m for Kazakh purchases

    Yellow Cake, a London-listed company operating in the uranium sector, completed a £25.9m share sale on Friday to continue funding uranium purchases from Kazakh uranium producer Kazatomprom.

    • 15 Apr 2019
  • Capital markets need an Extinction Rebellion

    Sustainable finance is bubbling with exciting new initiatives. But making people feel good is not enough. Activity needs to produce results, and so far there is more noise than movement. The tone is far too sedate — it needs some hard core activism to break the torpor.

    • 16 Apr 2019
  • Stadler Rail rises in trading after Sfr1.33bn IPO

    Shares in Stadler Rail, the Swiss maker of rolling stock, gained as much as 12.9% in trading on Friday after it priced its Sfr1.33bn IPO at a discount to its Swiss industrial peers.

    • 12 Apr 2019
  • Goldman looks forward to tech IPOs

    Goldman Sachs said that its equity underwriting pipeline swelled during the first quarter, with IPO interest rising among technology companies.

    • 16 Apr 2019
  • Climate change losses could hit $20tr, warns Bank of England

    Estimated losses in the transition to a low carbon economy could top $20tr, according to a speech delivered on Monday by the Bank of England’s Sarah Breeden. The warning was delivered as the UK’s Prudential Regulation Authority published a new supervisory statement on plans to enhance banks’ and insurers’ management of risks from climate change.

    • 15 Apr 2019
  • Catalent buys Paragon in hot gene medicine market

    The US’s Catalent will buy Paragon Bioservices in a debt and equity financed $1.2bn deal, as consolidation in the gene therapy market builds pace.

    • 15 Apr 2019
  • Finablr and Airtel next out of packed EM IPO pipeline

    Primary EM equity capital markets IPOs are back in vogue, riding the momentum of secondary equity EM indices. With investors clamouring for alpha, Middle Eastern and African IPO issuers are lining up to test the appetite for new deals.

    • 11 Apr 2019
  • ECB rate freeze crushes hopes for euro equity-linked revival

    The European Central Bank’s (ECB) decision to rule out rate rises this year has quietened hopes of convertible bond (CB) issuance reviving in Europe.

    • 11 Apr 2019
  • Brexit delay clouds outlook for UK listings revival

    The decision by the European Union and UK on Wednesday night to extend the country’s membership of the bloc until October 31 prolongs the uncertainty that is deterring UK companies from attempting IPOs.

    • 11 Apr 2019
  • Sacyr's new €175m CB attracts buyers

    Sacyr, the Spanish construction company, enjoyed a strong reception from equity-linked investors on Wednesday when it issued a new convertible bond that was increased to €175m off the back of unexpected demand from long-only funds.

    • 11 Apr 2019


Recent highlights

  • Sibanye raises $120m ahead of mining wage talks

    Sibanye-Stillwater, the South African commodities miner, sold a 108.9m share block in the market on Tuesday night to solidify its balance sheet as the company continues to weather a gold workers' strike and prepares for wage talks with unions for its platinum workers.

    • 10 Apr 2019
  • Adevinta rises 14% on day one after Nkr2.87bn IPO

    Adevinta, the online classified advertising division of Schibsted, shone in the aftermarket on Wednesday after the company began trading on the Oslo Børs following its Nkr2.87bn (€298m) IPO.

    • 10 Apr 2019
  • SEC should use Musk to transition to new age

    The US Securities and Exchange Commission should take the opportunity of errant tweeting from Tesla boss Elon Musk to figure out how it transitions to a more modern way of regulating market communication.

    • 09 Apr 2019


Deals in the pipeline

Completed deals

Capital markets data from GlobalCapital


Go to GlobalCapital's Equity data pages for our daily updated EMEA IPO pipeline, as well as revenue and bookrunner league tables for equity capital markets around the world.


Equity people & markets

more people & markets


equity news archive



Bookrunners of Global ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 17,815.83 92 10.27%
2 Morgan Stanley 17,138.60 99 9.88%
3 JPMorgan 11,682.46 97 6.74%
4 Bank of America Merrill Lynch 10,404.29 67 6.00%
5 Citi 9,111.17 86 5.25%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 4,425.28 19 11.30%
2 Goldman Sachs 4,006.06 15 10.23%
3 Citi 3,527.84 22 9.01%
4 JPMorgan 2,809.08 19 7.17%
5 UBS 2,241.39 12 5.72%

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 131,335.82 539 8.30%
2 Citi 123,335.03 485 7.79%
3 Bank of America Merrill Lynch 104,958.00 411 6.63%
4 Barclays 98,171.97 377 6.20%
5 HSBC 79,470.92 416 5.02%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 11,525.35 30 7.30%
2 BNP Paribas 8,422.96 46 5.33%
3 Deutsche Bank 8,298.69 30 5.25%
4 UniCredit 7,889.55 42 4.99%
5 Commerzbank Group 7,837.68 40 4.96%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 4,425.28 19 11.30%
2 Goldman Sachs 4,006.06 15 10.23%
3 Citi 3,527.84 22 9.01%
4 JPMorgan 2,809.08 19 7.17%
5 UBS 2,241.39 12 5.72%