• Deutsche ECM boss jumps ship for HSBC

    One of Deutsche Bank’s most senior equity capital markets bankers has resigned after nearly 15 years at the bank to join a rival. The move comes amid reports that Deutsche Bank is preparing to make deep cuts to its equities trading business outside of continental Europe.

    • 18 Jun 2019
  • Infineon Technologies raises €1.5bn for US M&A

    Infineon Technologies, the German semiconductor maker, has raised €1.54bn of fresh equity to finance its takeover of Cypress Semiconductor, an American rival, via an accelerated bookbuild.

    • 18 Jun 2019
  • Tikehau Capital rises on €1bn growth capital raise announcement

    Shares in Tikehau Capital, the French alternative investment manager, rose as much as 3.8% on Tuesday morning after the company announced its intention to raise up to €1bn to finance the next stage of its growth.

    • 18 Jun 2019
  • Primary Health Properties sells new £150m CB

    Primary Health Properties, the UK real estate investment trust focused on healthcare facilities, plans to raise £150m by selling a new convertible bond due in 2025.

    • 18 Jun 2019
  • London-Shanghai Stock Connect goes live as Huatai trades up

    Shares in Huatai Securities, the Chinese brokerage, rose as much as 12% on Monday morning after the company’s global depositary receipts began trading in London via the London-Shanghai Stock Connect programme.

    • 17 Jun 2019
  • Global Fashion Group offers generous discount to peers

    Global Fashion Group, the emerging markets-focused online fashion retailer, has opened the books for its €300m IPO on the Frankfurt Stock Exchange with a price range that pitches the company at a healthy discount to its closest peers Asos and Zalando.

    • 17 Jun 2019
  • Airtel Africa targets £3.6bn valuation

    Airtel Africa, the African unit of Indian telecommunications group Bharti Airtel, has fixed the price range for its £595m IPO on the London Stock Exchange.

    • 17 Jun 2019
  • Traton sets IPO range earlier than expected

    Volkswagen surprised the equity capital markets on Friday by setting a range on the IPO of its trucks division, Traton, a few days earlier than most in the market had expected. But the deal has already gained strong investor interest.

    • 14 Jun 2019
  • Huatai prices first London-Shanghai Stock Connect sale

    Huatai Securities, the Chinese brokerage, has set a price for the sale of global depositary receipts on the London Stock Exchange, the first deal under the new London-Shanghai Connect programme.

    • 14 Jun 2019
  • Chinese investors jump on board London Connect as Huatai aims for $2bn

    The long-awaited London-Shanghai Stock Connect faced its first test this week as Huatai Securities went on the road with its sale of global depository receipts (GDRs) on the London Stock Exchange. More issuers could follow as mainland investors hunt for opportunities to use their offshore capital, said market participants. Jonathan Breen and Aidan Gregory report.

    • 13 Jun 2019
  • Marks & Spencer completes Ocado capital raise

    Marks & Spencer has completed its £601m equity capital raising to fund a transformational join-venture with Ocado, following a rights issue and rump share placement

    • 13 Jun 2019
  • Geely cashes in on AB Volvo volatility to raise €400m

    Chinese automobile conglomerate Geely has used an exchangeable bond to monetise the volatility of its stake in AB Volvo, the Swedish maker of heavy-duty vehicles, to secure €400m of funding at a zero coupon.

    • 13 Jun 2019


Recent highlights

  • Trainline on track for £1.5bn valuation as funds get onboard

    It took just over two hours on Wednesday morning for the IPO of Trainline, the UK transport booking website, to get covered after the company opened the books on its £630m IPO on the London Stock Exchange.

    • 12 Jun 2019
  • Kazakhstan reminds investors of transition risk

    Kazakhstan is one of the most interesting and exciting investment stories in the equity capital markets given its privatisation plans. But the events surrounding its election over the weekend reminded investors of the risks they face.

    • 11 Jun 2019
  • Honesty should benefit Traton's relaunched flotation

    The spin-off of Traton, the trucks division of Volkswagen, has been relaunched after the IPO was postponed earlier this year due to volatility caused by the trade tensions between the US and China. Traton may not excite many growth investors, but it is a rock solid German industrial asset that isn’t trying to persuade investors it is anything else, unlike a string of recent flotations in the US and Europe.

    • 11 Jun 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

  • Alawwal and SABB merge, create leading Saudi lender

    Saudi Arabian banks Alawwal Bank and Saudi British Bank have merged after months of negotiations. The deal is yet another bank tie-up taking place in the Gulf, as lenders strive to stay competitive. Royal Bank of Scotland, which held a stake in Alawwal, has received capital relief from the transaction.

    • 17 Jun 2019
  • US legislators seek to quash Chinese listings

    A group of US senators have proposed a bill that threatens to block the IPOs of many Chinese companies in the country, and cause the delistings of Mainland stocks from US exchanges.

    • 17 Jun 2019
  • Shanghai tech board rolls out suspension rules

    The Shanghai Stock Exchange (SSE) has introduced rules regarding daily trading limits, limit orders price range and treatments of ‘abnormal fluctuations’ for the Star Market, its new technology innovation board that is in its final preparation stage.

    • 17 Jun 2019
  • Citi eyes home improvements to overhaul investment banking elite

    After establishing itself as a top three player in European investment banking, Citi is now making an ambitious push for the summit in its home market, writes David Rothnie.

    • 13 Jun 2019
  • BBVA hires equity head from Commerz equity spin-off

    BBVA’s corporate and investment bank has appointed Roberto Vila as global head of equity. The new hire comes from Commerzbank’s equity markets and commodities (EMC) unit, which is in the process of being transferred to Société Générale.

    • 12 Jun 2019
  • China’s ‘third Nasdaq’ to take off very soon

    China's regulators are speeding up the approval process of IPO candidates. After passing six potential issuers in the past two weeks, the Shanghai Stock Exchange (SSE) is set to wave through 13 more companies soon.

    • 12 Jun 2019

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 28,871.94 165 10.07%
2 Morgan Stanley 26,459.29 169 9.23%
3 JPMorgan 19,381.70 166 6.76%
4 Bank of America Merrill Lynch 17,238.39 117 6.01%
5 Citi 15,756.07 142 5.50%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 6,404.49 28 10.39%
2 JPMorgan 5,765.60 34 9.35%
3 Goldman Sachs 5,589.53 27 9.07%
4 UBS 4,134.32 20 6.71%
5 Citi 4,039.74 28 6.55%

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 189,125.64 835 8.18%
2 Citi 178,481.94 729 7.72%
3 Bank of America Merrill Lynch 148,726.70 609 6.43%
4 Barclays 141,595.74 562 6.12%
5 HSBC 118,154.11 612 5.11%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 21,626.10 74 8.29%
2 BNP Paribas 19,199.68 81 7.36%
3 Bank of America Merrill Lynch 17,431.25 46 6.69%
4 Deutsche Bank 12,826.80 46 4.92%
5 SG Corporate & Investment Banking 12,165.84 59 4.67%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 6,404.49 28 10.39%
2 JPMorgan 5,765.60 34 9.35%
3 Goldman Sachs 5,589.53 27 9.07%
4 UBS 4,134.32 20 6.71%
5 Citi 4,039.74 28 6.55%