The equity capital markets raised $1.2 billion from 16 issues this week, bumping up volume for the first half to $55.9 billion, the highest 1H on record and representing an increase of 55% over the same period last year. Goldman Sachs strengthened its stranglehold over banks in the league table rankings with $8.2 billion from 21 issues while UBS sits below in second place with $5.4 billion and Citigroup in third.
Shimao Property HoldingsÆ $479 million IPO was the largest deal of the week and led by Goldman Sachs and Morgan Stanley. The issue enabled Morgan Stanley to climb up a place to take fifth position in the rankings with $3.4 billion....
