The equity capital markets kicked off the fourth quarter on a strong note with $4.0 billion raised from 21 issues this week. Goldman Sachs remains at the top of the rankings on $12.9 billion and is only $60 million ahead of Morgan Stanley in second, followed by UBS with $11.4 billion.
SOHO ChinaÆs $1.7 billion IPO was the largest issue of the week and led by Goldman Sachs, HSBC and UBS. HSBC currently sits in 10th place in the rankings with $3.2 billion.
Other deals that priced this week include China Dongxiang GroupÆs $703 million IPO bookrun by Deutsche Bank and Merrill Lynch; a $626 million bought deal for China Resources Power Holdings led by Citi and Morgan Stanley; and Xinjiang Xinxin Mining IndustryÆs $501 million IPO run by Bank of China International.
A handful of issues are scheduled to price next week, including Dah Chong Hong HoldingsÆ $524 million IPO led by BNP Paribas and JA Solar HoldingsÆ $264 million follow-on bookrun by Credit Suisse and Lehman Brothers.
Debt Capital Markets
The debt capital markets saw $519 million raised from a single deal this week. Mizuho and Mitsubishi UFJ Securities printed the trade for Korea Development Bank. The Japanese banks currently sit outside the top 10 in the rankings.
The league table remains unchanged with Deutsche Bank sitting at the top on $5.6 billion, followed by Citi with $4.7 billion and Merrill Lynch with $3.3 billion.
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