Despite a number of cancelled deals, activity in the equity capital markets picked up the pace this week with volume tipping $1 billion from 13 issues and bringing issuance for the year so far to $52.5 billion. The league table rankings remain static with Goldman Sachs sitting comfortably at the top followed by UBS and Citigroup.
The $361 million fully marketed deal for ChinaÆs Focus Media Holdings was the largest deal of the week and was led by Citigroup, Credit Suisse, Goldman Sachs and Merrill Lynch. The deal enabled Merrill Lynch to climb up a notch to eighth place in the tables with $2.1 billion, just behind Credit Suisse in seventh.
The...
