League Tables
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GLOBAL EQUITY CAPITAL MARKET LEAGUE TABLES H1 2017 H1 2017 MANAGER RANKINGS GLOBAL EQUITY, EQUITY LINKED & RIGHTS CONTENTS Bloomberg’s global equity offerings database consists of nearly 87,000 deals (with approximately 43,000 IPOs and over 43,000 additional offerings), and coverage of more than 500 financial advisors 1. Global market review and 500 legal advisors. 2. US market review LEAG<GO> for a full range of league tables 3. Canada market review IPO<GO> for Bloomberg’s equity offerings product 4. Latin America market review 5. EMEA market review Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release 6. Asia market review and data found on the Bloomberg Professional Service. 7. Table criteria DATA SUBMISSIONS AND QUERIES Contact Phone Email North America Irina Arefyeva +1 646 324 4663 [email protected] EMEA Karan Aswani +44 20 3525 4331 [email protected] Asia Pacific Billy Sun +886 2 77191571 [email protected] © 2017 Bloomberg Finance L.P. All rights reserved. Bloomberg Global Equity | H1 2017 Global Equity, Equity Linked & Rights: Industry Breakdown Global Equity Review 8% Financials 35% H1 2017 credited Global Equity, Equity Linked & Rights volume increased 43.76% to USD 371.3 Bln while deal count 5% Consumer Discretionary 11% increased 34.81% to 2,343 offerings year-on-year. Global Equity IPO volume increased 87.62% year-on-year to USD 88.7 7% 35% Industrials 10% Bln while the deal count increased 71.84% to 775. Global Equity Linked volume increased 22.33% year-on-year to USD 48.0 8% Technology 8% Bln over 184 deals. Health Care 8% JP Morgan ranked as the top Global Equity, Equity Linked & Rights underwriter for H1 2017 with 8.59% market share. The 8% bank underwrote 217 deals over the period. Morgan Stanley and Goldman Sachs ranked second and third with 8.01% and 8% Energy 8% 7.44% market share, respectively. 11% 10% Materials 7% Communications 5% Global Equity, Equity Linked & Rights: Highlights of H1 2017 Others 8% Top Underwriter Issuer Industry Volume (USD Mln) Date UniCredit SpA Financials 13,737 02/23/2017 JP Morgan Deutsche Bank AG Financials 8,657 03/21/2017 Number of deals 217 China Everbright Bank Co Ltd Financials 4,348 03/15/2017 Volume (USD Mln) 31,876 Electricite de France SA Utilities 4,343 03/21/2017 Global Equity, Equity Linked & Rights: Industry Breakdown Avg Deal size (USD Mln) 146.9 Credit Suisse Group AG Financials 4,257 06/07/2017 Market Summary Snap Inc Communications 3,910 03/01/2017 Industry Volume (USD Mln) % Of Total % YOY Change Allied Irish Banks PLC Financials 3,343 06/23/2017 Financials 140,785 34.7% 73.2% Number of deals 2,343 Renesas Electronics Corp Technology 3,177 06/12/2017 Consumer Discretionary 46,181 11.4% 57.8% Volume (USD Mln) 371,262 Lonza Group AG Materials 2,966 05/10/2017 Industrials 38,948 9.6% 72.1% Avg Deal size (USD Mln) 158.5 Barclays Africa Group Ltd Financials 2,909 06/01/2017 Technology 33,503 8.3% 44.1% Health Care 32,309 8.0% 34.5% Energy 31,993 7.9% -31.4% Materials 29,024 7.2% 29.6% Global Equity, Equity Linked & Rights: Quarterly Volume Communications 21,337 5.3% 65.3% Consumer Staples 15,599 3.8% 5.8% Deal Count Rights Equity-Linked IPO Utilities 15,556 3.8% 6.5% Add'l 300 1,800 250 1,500 Global Equity, Equity Linked & Rights: Offering Breakdown 200 D D e e Offering Type Volume (USD Mln) % Of Total % YOY Change n n a a l l 1,000 l l B B C C D D 150 o o Additional Offerings 194,345 48.3% 27.5% u u S S n n U U t t IPO 95,377 23.7% 96.2% 100 Rights Offerings 57,348 14.2% 81.4% 500 Equity-Linked 55,472 13.8% -4.5% 50 0 0 22 33 44 55 66 77 11 11 11 11 11 11 00 00 00 00 00 00 22 22 22 22 22 22 22 22 22 22 22 22 Q Q Q Q Q Q Quarters Bloomberg League Table Reports Page 1 Bloomberg Global Equity | H1 2017 Global Equity, Equity Linked & Rights Global Equity & Equity Linked H1 2017 H1 2016 H1 2017 H1 2016 Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 8.586 31,876 217 1 9.377 -0.791 JP Morgan 1 8.874 29,082 206 1 9.824 -0.950 Morgan Stanley 2 8.014 29,752 223 2 8.080 -0.066 Morgan Stanley 2 8.433 27,637 216 2 8.671 -0.238 Goldman Sachs 3 7.437 27,612 170 3 7.375 0.062 Goldman Sachs 3 7.695 25,219 161 3 7.508 0.187 Citi 4 7.022 26,068 202 4 6.198 0.824 Citi 4 7.354 24,102 195 4 6.416 0.938 Bank of America Merrill Lynch 5 6.477 24,046 176 5 6.040 0.437 Bank of America Merrill Lynch 5 6.630 21,728 169 5 6.022 0.608 UBS 6 4.520 16,780 111 8 3.954 0.566 UBS 6 4.281 14,029 103 8 4.001 0.280 Barclays 7 4.230 15,705 118 9 3.945 0.285 Barclays 7 4.251 13,931 113 9 3.937 0.314 Credit Suisse 8 3.839 14,251 139 6 5.271 -1.432 Deutsche Bank 8 3.818 12,511 111 7 5.069 -1.251 Deutsche Bank 9 3.839 14,251 118 7 5.001 -1.162 Credit Suisse 9 3.747 12,280 133 6 5.509 -1.762 RBC Capital Markets 10 2.423 8,995 88 10 2.714 -0.291 RBC Capital Markets 10 2.529 8,289 86 10 2.972 -0.443 Wells Fargo 11 1.956 7,262 80 15 1.494 0.462 Wells Fargo 11 2.216 7,262 80 14 1.636 0.580 BNP Paribas 12 1.945 7,221 59 13 1.639 0.306 BNP Paribas 12 1.610 5,275 48 15 1.569 0.041 Societe Generale 13 1.384 5,137 37 22 0.825 0.559 Jefferies 13 1.409 4,616 66 18 1.081 0.328 Jefferies 14 1.380 5,123 68 17 1.160 0.220 BMO Capital Markets 14 1.324 4,338 59 13 1.655 -0.331 HSBC 15 1.199 4,452 30 19 0.988 0.211 Nomura 15 1.124 3,683 49 12 1.827 -0.703 BMO Capital Markets 16 1.168 4,338 59 14 1.511 -0.343 Societe Generale 16 1.041 3,411 30 22 0.750 0.291 Nomura 17 0.992 3,683 49 12 1.691 -0.699 Mizuho Financial 17 1.035 3,393 33 19 1.070 -0.035 Mizuho Financial 18 0.914 3,393 33 20 0.977 -0.063 Sumitomo Mitsui Financial 18 0.959 3,142 34 24 0.599 0.360 Sumitomo Mitsui Financial 19 0.846 3,142 34 29 0.547 0.299 TD Securities 19 0.896 2,938 32 11 1.932 -1.036 Banco Santander 20 0.821 3,048 22 33 0.425 0.396 HSBC 20 0.733 2,403 22 20 0.916 -0.183 TOTAL 100% 371,261 2,343 100% TOTAL 100% 327,716 2,218 100% Global Equity Offerings Global Equity IPO H1 2017 H1 2016 H1 2017 H1 2016 Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Morgan Stanley 1 8.188 22,908 184 3 7.318 0.870 Citi 1 6.905 6,127 60 3 6.274 0.631 Citi 2 7.808 21,845 174 4 6.678 1.130 JP Morgan 2 6.237 5,535 47 2 6.626 -0.389 JP Morgan 3 7.797 21,814 173 1 9.270 -1.473 Deutsche Bank 3 5.350 4,748 39 5 4.240 1.110 Goldman Sachs 4 7.623 21,328 142 2 7.632 -0.009 Goldman Sachs 4 5.089 4,516 37 4 5.019 0.070 Bank of America Merrill Lynch 5 6.865 19,205 145 5 6.410 0.455 Morgan Stanley 5 5.026 4,461 45 1 6.683 -1.657 UBS 6 4.447 12,442 93 8 4.458 -0.011 Credit Suisse 6 4.760 4,224 42 7 2.701 2.059 Barclays 7 4.320 12,087 100 7 4.473 -0.153 Bank of America Merrill Lynch 7 2.913 2,585 30 6 3.844 -0.931 Credit Suisse 8 3.975 11,121 123 6 6.307 -2.332 Barclays 8 2.899 2,572 26 9 2.162 0.737 Deutsche Bank 9 3.733 10,443 97 9 3.900 -0.167 UBS 9 2.440 2,165 17 8 2.643 -0.203 RBC Capital Markets 10 2.680 7,499 76 10 3.279 -0.599 RBC Capital Markets 10 2.028 1,800 20 32 0.856 1.172 Wells Fargo 11 1.816 5,080 67 13 1.842 -0.026 GF Securities 11 1.919 1,703 24 27 1.022 0.897 Jefferies 12 1.334 3,733 60 15 1.238 0.096 Haitong Securities Co Ltd 12 1.213 1,077 24 14 1.461 -0.248 BMO Capital Markets 13 1.196 3,346 49 12 1.949 -0.753 China Merchants Securities 13 1.195 1,060 14 31 0.873 0.322 BNP Paribas 14 1.173 3,283 33 24 0.636 0.537 China International Capital Corp 14 1.191 1,057 12 36 0.742 0.449 Sumitomo Mitsui Financial 15 1.106 3,094 32 25 0.563 0.543 CITIC Securities Co Ltd 15 1.185 1,052 17 15 1.417 -0.232 TD Securities 16 1.025 2,869 27 11 2.269 -1.244 Guosen Securities Co Ltd 16 1.185 1,051 15 50 0.456 0.729 Nomura 17 0.939 2,628 45 18 0.870 0.069 Jefferies 17 1.084 962 21 22 1.118 -0.034 Mizuho Financial 18 0.906 2,536 28 21 0.813 0.093 Nomura 18 1.081 959 21 16 1.416 -0.335 Societe Generale 19 0.808 2,259 20 23 0.664 0.144 China Securities Co Ltd 19 1.070 950 12 20 1.162 -0.092 Stifel 20 0.769 2,152 49 35 0.412 0.357 Guotai Junan Securities Co Ltd 20 1.044 927 14 24 1.078 -0.034 TOTAL 100% 279,765 2,034 100% TOTAL 100% 88,741 775 100% Bloomberg League Table Reports Page 2 Bloomberg Global Equity | H1 2017 Global Equity Linked H1 2017 H1 2016 Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 15.157 7,268 33 2 12.601 2.556 Morgan Stanley 2 9.863 4,730 32 1 15.460 -5.597 Goldman Sachs 3 8.114 3,891 19 4 6.889 1.225 Bank of America Merrill Lynch 4 5.263 2,524 24 8 4.074 1.189 Citi 5 4.706 2,257 21 7 5.100 -0.394 Wells Fargo 6 4.549 2,181 13 25 0.608 3.941 Deutsche Bank 7 4.312 2,068 14 3 10.935 -6.623 BNP Paribas 8 4.155 1,992 15 6 6.251 -2.096 Barclays 9 3.846 1,844 13 15 1.250 2.596 UBS 10 3.310 1,587 10 11 1.712 1.598 Credit Suisse 11 2.418 1,159 10 12 1.503 0.915 Societe Generale 12 2.403 1,152 10 17 1.184 1.219 Nomura 13 2.200 1,055 4 5 6.628 -4.428 BMO Capital Markets 14 2.070 992 10 49 0.181 1.889 China International Capital Corp 15 2.034 975 3 16 1.187 0.847 Jefferies 16 1.843 884 6 40 0.293 1.550 Mizuho Financial 17 1.788 858 5 9 2.360 -0.572 HSBC 18 1.767 847 7 14 1.421 0.346 RBC Capital Markets 19 1.648 790 10 13 1.428 0.220 Everbright Securities Co 20 1.511 725 1 - - 1.511 TOTAL 100% 47,951 184 100% Bloomberg League Table Reports Page 3 Bloomberg Global Equity | H1 2017 US Equity & Equity Linked: Industry Breakdown US Equity Review Financials 31% 10% H1 2017 credited US Equity & Equity Linked volume increased 46.29% to USD 124.2 Bln while deal count increased 60.69% Health Care 14% 10% 31% to 511 offerings year-on-year.