global equity capital market - bloomberg … · global equity capital market league tables fy 2017....
TRANSCRIPT
CONTENTS
1. Global market review
2. US market review
3. Canada market review
4. Latin America market review
5. EMEA market review
6. Asia market review
7. Table criteria
DATA SUBMISSIONS AND QUERIES
North America
EMEA
Asia Pacific
Contact
Irina Arefyeva
Karan Aswani
Billy Sun
Phone
+1 646 324 4663
+44 20 3525 4331
+886 2 77191571
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 and 500 legal advisors.
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Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service.
FULL YEAR 2017
MANAGER RANKINGS
GLOBAL EQUITY, EQUITY LINKED & RIGHTS
© 2017 Bloomberg Finance L.P. All rights reserved.
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page1
GlobalEquityReviewFY2017creditedGlobalEquity,EquityLinked&Rightsvolumeincreased32.04%toUSD740.8Blnwhiledealcountincreased23.54%to4,875offeringsyear-on-year.GlobalEquityIPOvolumeincreased45.21%year-on-yeartoUSD196.4Blnwhilethedealcountincreased45.09%to1,654.GlobalEquityLinkedvolumeincreased24.00%year-on-yeartoUSD99.5Blnover382deals.MorganStanleyrankedasthetopGlobalEquity,EquityLinked&RightsunderwriterforFY2017with8.84%marketshare.Thebankunderwrote413dealsovertheperiod.JPMorganandGoldmanSachsrankedsecondandthirdwith8.21%and8.03%marketshare,respectively.
GlobalEquity,EquityLinked&Rights:HighlightsofFY2017
GlobalEquity,EquityLinked&Rights:QuarterlyVolume
Q42012
Q42012
Q42013
Q42013
Q42014
Q42014
Q42015
Q42015
Q42016
Q42016
QuartersQuarters
Q42017
Q42017
100100
200200
300300
USDBln
USDBln
00
400400
500500
1,0001,000
1,5001,500
DealC
ountDealC
ount
00
1,8001,800
DealCount Rights Equity-Linked IPO
Add'l
TopUnderwriterMorganStanley
Numberofdeals 413
Volume(USDMln) 65,459
AvgDealsize(USDMln) 158.5
MarketSummaryNumberofdeals 4,875
Volume(USDMln) 740,832
AvgDealsize(USDMln) 152.0
Issuer Industry Volume(USDMln) Date
UniCreditSpA Financials 13,737 02/23/2017
JapanPostHoldingsCoLtd Financials 10,829 09/25/2017
DeutscheBankAG Financials 8,530 04/06/2017
BancoSantanderSA Financials 8,229 07/20/2017
ToshibaCorp Industrials 5,356 11/19/2017
RegionalREITLtd Financials 5,073 12/19/2017
ChinaEverbrightBankCoLtd Financials 4,348 03/15/2017
ElectricitedeFranceSA Utilities 4,343 03/21/2017
CreditSuisseGroupAG Financials 4,257 06/07/2017
SnapInc Communications 3,910 03/01/2017
Financials34%
ConsumerDiscretionary12%
Industrials11%
HealthCare9%
Technology8%
Energy7%
Materials6%
Communications5%
Others8%
GlobalEquity,EquityLinked&Rights:IndustryBreakdown
GlobalEquity,EquityLinked&Rights:IndustryBreakdown
Industry Volume(USDMln) %OfTotal %YOYChange
Financials 273,956 33.7% 62.3%
ConsumerDiscretionary 96,161 11.8% 57.7%
Industrials 86,950 10.7% 67.1%
HealthCare 73,529 9.0% 31.2%
Technology 62,800 7.7% 89.6%
Energy 58,910 7.2% -31.1%
Materials 51,526 6.3% 5.1%
Communications 41,720 5.1% -8.0%
ConsumerStaples 38,014 4.7% 25.2%
Utilities 29,851 3.7% -19.4%
Government 300 0.0%
GlobalEquity,EquityLinked&Rights:OfferingBreakdown
OfferingType Volume(USDMln) %OfTotal %YOYChange
AdditionalOfferings 390,714 48.2% 26.8%
IPO 208,573 25.7% 50.3%
Equity-Linked 114,077 14.1% 7.1%
RightsOfferings 97,609 12.0% 60.9%
34%
12%11%
9%8%
7%
6%
5%
8%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page2
GlobalEquity,EquityLinked&RightsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 8.836 65,459 413 2 8.019 0.817
JPMorgan 2 8.207 60,800 409 1 9.692 -1.485
GoldmanSachs 3 8.035 59,523 331 3 7.891 0.144
Citi 4 6.066 44,938 352 5 5.329 0.737
BankofAmericaMerrillLynch 5 5.642 41,797 308 4 6.061 -0.419
UBS 6 4.737 35,090 208 8 3.832 0.905
CreditSuisse 7 4.488 33,248 279 6 5.253 -0.765
DeutscheBank 8 3.471 25,716 198 7 4.483 -1.012
Barclays 9 3.399 25,177 188 9 3.548 -0.149
RBCCapitalMarkets 10 2.033 15,059 159 10 2.177 -0.144
BNPParibas 11 1.637 12,124 103 15 1.219 0.418
Nomura 12 1.618 11,984 109 12 1.620 -0.002
WellsFargo 13 1.475 10,930 120 11 1.716 -0.241
HSBC 14 1.396 10,341 68 17 1.107 0.289
Jefferies 15 1.242 9,199 128 16 1.198 0.044
CITICSecuritiesCoLtd 16 1.198 8,873 63 19 0.852 0.346
SocieteGenerale 17 1.009 7,477 54 24 0.713 0.296
MizuhoFinancial 18 0.992 7,346 66 18 0.985 0.007
BMOCapitalMarkets 19 0.935 6,925 96 14 1.242 -0.307
DaiwaSecurities 20 0.911 6,750 52 36 0.402 0.509
TOTAL 100% 740,831 4,875 100%
GlobalEquity&EquityLinkedFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 9.215 61,984 402 2 8.497 0.718
JPMorgan 2 8.443 56,792 391 1 9.919 -1.476
GoldmanSachs 3 8.396 56,477 318 3 8.266 0.130
Citi 4 6.169 41,497 337 5 5.407 0.762
BankofAmericaMerrillLynch 5 5.831 39,225 300 4 6.095 -0.264
UBS 6 4.562 30,686 188 8 3.846 0.716
CreditSuisse 7 4.431 29,805 262 6 5.376 -0.945
Barclays 8 3.425 23,037 181 9 3.544 -0.119
DeutscheBank 9 3.410 22,936 185 7 4.672 -1.262
RBCCapitalMarkets 10 2.074 13,949 156 10 2.329 -0.255
Nomura 11 1.778 11,963 108 12 1.744 0.034
WellsFargo 12 1.564 10,518 119 11 1.860 -0.296
BNPParibas 13 1.405 9,449 85 16 1.136 0.269
CITICSecuritiesCoLtd 14 1.308 8,796 62 22 0.773 0.535
Jefferies 15 1.222 8,220 124 15 1.187 0.035
HSBC 16 1.102 7,411 55 19 0.858 0.244
MizuhoFinancial 17 1.092 7,346 66 17 1.067 0.025
BMOCapitalMarkets 18 1.030 6,925 96 14 1.345 -0.315
DaiwaSecurities 19 1.004 6,750 52 31 0.436 0.568
ChinaInternationalCapitalCorp 20 0.916 6,163 40 21 0.812 0.104
TOTAL 100% 672,664 4,594 100%
GlobalEquityOfferingsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 9.531 54,625 354 2 8.256 1.275
GoldmanSachs 2 8.752 50,164 286 3 8.220 0.532
JPMorgan 3 7.625 43,703 333 1 9.494 -1.869
Citi 4 6.598 37,813 305 6 5.428 1.170
BankofAmericaMerrillLynch 5 5.903 33,830 255 4 6.219 -0.316
UBS 6 4.874 27,934 175 7 4.137 0.737
CreditSuisse 7 4.676 26,799 238 5 5.522 -0.846
Barclays 8 3.399 19,479 156 8 3.863 -0.464
DeutscheBank 9 3.110 17,825 156 9 3.549 -0.439
RBCCapitalMarkets 10 2.136 12,240 141 10 2.504 -0.368
Nomura 11 1.468 8,411 95 14 1.399 0.069
WellsFargo 12 1.398 8,013 104 11 1.799 -0.401
Jefferies 13 1.249 7,159 115 15 1.249 0.000
BNPParibas 14 1.142 6,543 60 26 0.597 0.545
MizuhoFinancial 15 1.093 6,266 60 17 0.864 0.229
DaiwaSecurities 16 1.067 6,113 48 29 0.482 0.585
HSBC 17 1.023 5,862 42 25 0.654 0.369
SumitomoMitsuiFinancial 18 0.928 5,317 63 16 0.936 -0.008
BMOCapitalMarkets 19 0.916 5,248 80 13 1.498 -0.582
CITICSecuritiesCoLtd 20 0.774 4,438 53 24 0.664 0.110
TOTAL 100% 573,139 4,212 100%
GlobalEquityIPOFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Citi 1 6.596 12,952 117 4 4.701 1.895
JPMorgan 2 5.884 11,553 101 1 6.306 -0.422
MorganStanley 3 5.648 11,090 96 2 5.987 -0.339
CreditSuisse 4 5.466 10,733 85 6 3.855 1.611
GoldmanSachs 5 4.172 8,192 72 3 5.022 -0.850
UBS 6 3.859 7,578 50 8 3.286 0.573
DeutscheBank 7 3.489 6,850 60 5 4.088 -0.599
BankofAmericaMerrillLynch 8 3.303 6,486 67 7 3.769 -0.466
Barclays 9 1.845 3,623 38 13 1.464 0.381
CITICSecuritiesCoLtd 10 1.836 3,606 44 12 1.971 -0.135
RBCCapitalMarkets 11 1.589 3,119 39 32 0.738 0.851
HSBC 12 1.483 2,911 17 25 0.990 0.493
GFSecurities 13 1.434 2,816 41 26 0.946 0.488
ChinaInternationalCapitalCorp 14 1.322 2,597 29 11 2.137 -0.815
HaitongSecuritiesCoLtd 15 1.315 2,582 47 20 1.184 0.131
ChinaSecuritiesCoLtd 16 1.284 2,521 30 10 2.273 -0.989
Jefferies 17 1.163 2,283 42 33 0.712 0.451
Nomura 18 1.145 2,248 41 9 2.453 -1.308
ChinaMerchantsSecurities 19 1.123 2,204 25 16 1.320 -0.197
BancoSantander 20 1.113 2,185 18 68 0.247 0.866
TOTAL 100% 196,352 1,654 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page3
GlobalEquityLinkedFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 13.152 13,089 58 1 12.239 0.913
MorganStanley 2 7.394 7,359 48 3 9.808 -2.414
GoldmanSachs 3 6.343 6,313 32 4 8.517 -2.174
BankofAmericaMerrillLynch 4 5.421 5,395 45 5 5.419 0.002
DeutscheBank 5 5.135 5,110 29 2 10.793 -5.658
CITICSecuritiesCoLtd 6 4.379 4,358 9 18 1.369 3.010
Citi 7 3.702 3,684 32 6 5.298 -1.596
Barclays 8 3.575 3,558 25 14 1.803 1.772
Nomura 9 3.569 3,552 13 9 3.620 -0.051
ChinaInternationalCapitalCorp 10 3.289 3,274 9 16 1.586 1.703
CreditSuisse 11 3.021 3,006 24 7 4.581 -1.560
BNPParibas 12 2.919 2,905 25 8 4.074 -1.155
UBS 13 2.765 2,752 13 10 2.256 0.509
WellsFargo 14 2.517 2,505 15 11 2.190 0.327
SocieteGenerale 15 1.763 1,754 15 19 1.250 0.513
RBCCapitalMarkets 16 1.717 1,709 15 17 1.374 0.343
BMOCapitalMarkets 17 1.685 1,677 16 29 0.514 1.171
HSBC 18 1.557 1,549 13 13 1.973 -0.416
GuosenSecuritiesCoLtd 19 1.516 1,509 5 57 0.142 1.374
CreditAgricoleCIB 20 1.157 1,151 13 15 1.668 -0.511
TOTAL 100% 99,524 382 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page4
USEquityReviewFY2017creditedUSEquity&EquityLinkedvolumeincreased16.42%toUSD215.9Blnwhiledealcountincreased26.38%to939offeringsyear-on-year.USEquityIPOvolumeincreased107.58%year-on-yeartoUSD42.0Blnwhilethedealcountincreased70.75%to181.USEquityLinkedvolumeincreased29.93%year-on-yeartoUSD34.2Blnover102deals.JPMorganrankedasthetopUSEquity&EquityLinkedunderwriterforFY2017with12.32%marketshare.Thebankunderwrote234dealsovertheperiod.GoldmanSachsandMorganStanleyrankedsecondandthirdwith12.26%and11.97%marketshare,respectively.
USEquity&EquityLinked:HighlightsofFY2017
USEquity&EquityLinked:QuarterlyVolume
Q42012
Q42012
Q42013
Q42013
Q42014
Q42014
Q42015
Q42015
Q42016
Q42016
QuartersQuarters
Q42017
Q42017
2020
4040
6060
8080
USDBln
USDBln
00
100100
100100
200200
300300
DealC
ountDealC
ount
00
400400
DealCount Equity-Linked Add'l IPO
TopUnderwriterJPMorgan
Numberofdeals 234
Volume(USDMln) 26,592
AvgDealsize(USDMln) 113.6
MarketSummaryNumberofdeals 939
Volume(USDMln) 215,893
AvgDealsize(USDMln) 229.9
Issuer Industry Volume(USDMln) Date
SnapInc Communications 3,910 03/01/2017
CrownCastleInternationalCorp Financials 3,854 07/21/2017
BectonDickinsonandCo HealthCare 2,475 05/10/2017
BectonDickinsonandCo HealthCare 2,475 05/11/2017
EquinixInc Financials 2,185 03/08/2017
WilliamsCosInc/The Energy 2,168 01/09/2017
AlticeUSAInc Communications 2,152 06/21/2017
MicrochipTechnologyInc Technology 2,070 02/10/2017
InvitationHomesInc Financials 1,771 01/31/2017
FirstDataCorp Financials 1,735 09/13/2017
Financials30%
HealthCare18%
Technology11%
ConsumerDiscretionary11%
Energy10%
Communications8%
Industrials5%
Others7%
USEquity&EquityLinked:IndustryBreakdown
USEquity&EquityLinked:IndustryBreakdown
Industry Volume(USDMln) %OfTotal %YOYChange
Financials 66,587 30.0% 64.3%
HealthCare 39,679 17.9% 43.2%
Technology 25,266 11.4% 73.0%
ConsumerDiscretionary 24,123 10.9% 109.9%
Energy 21,693 9.8% -54.1%
Communications 17,150 7.7% 172.5%
Industrials 11,601 5.2% 134.9%
ConsumerStaples 7,904 3.6% -33.2%
Materials 6,592 3.0% -41.1%
Utilities 1,292 0.6% -91.2%
USEquity&EquityLinked:OfferingBreakdown
OfferingType Volume(USDMln) %OfTotal %YOYChange
AdditionalOfferings 141,142 63.6% 0.6%
IPO 42,646 19.2% 105.2%
Equity-Linked 38,103 17.2% 29.8%
30%
18%11%
11%
10%
8%
5%
7%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page5
USEquity&EquityLinkedFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 12.317 26,592 234 1 14.627 -2.310
GoldmanSachs 2 12.263 26,474 181 2 13.864 -1.601
MorganStanley 3 11.969 25,839 193 4 8.390 3.579
BankofAmericaMerrillLynch 4 9.421 20,339 183 3 9.681 -0.260
Citi 5 7.691 16,604 156 6 7.690 0.001
Barclays 6 7.235 15,620 125 5 7.864 -0.629
CreditSuisse 7 6.174 13,330 136 7 7.647 -1.473
WellsFargo 8 4.780 10,319 112 8 5.146 -0.366
DeutscheBank 9 3.356 7,245 78 9 4.959 -1.603
RBCCapitalMarkets 10 3.014 6,506 91 10 2.615 0.399
Jefferies 11 2.094 4,520 81 12 1.950 0.144
UBS 12 1.684 3,635 55 11 2.016 -0.332
Stifel 13 1.471 3,176 76 17 0.721 0.750
BMOCapitalMarkets 14 1.211 2,615 40 13 1.351 -0.140
Cowen&Co 15 1.194 2,578 54 20 0.601 0.593
LeerinkPartnersLLC 16 1.002 2,164 39 18 0.703 0.299
CantorFitzgerald 17 0.999 2,157 31 31 0.204 0.795
SunTrustRobinsonHumphrey 18 0.954 2,060 37 14 1.007 -0.053
RaymondJames&Associates 19 0.695 1,500 41 16 0.759 -0.064
PiperJaffray&Co 20 0.654 1,413 37 22 0.523 0.131
TOTAL 100% 215,893 939 100%
USEquityOfferingsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
GoldmanSachs 1 12.673 23,022 160 2 13.747 -1.074
JPMorgan 2 11.972 21,749 195 1 15.168 -3.196
MorganStanley 3 11.860 21,546 161 4 9.025 2.835
BankofAmericaMerrillLynch 4 8.602 15,626 142 3 10.018 -1.416
Citi 5 8.183 14,865 139 7 7.707 0.476
Barclays 6 7.111 12,919 104 5 8.542 -1.431
CreditSuisse 7 6.497 11,802 120 6 8.144 -1.647
WellsFargo 8 4.301 7,814 97 8 4.894 -0.593
DeutscheBank 9 3.657 6,643 69 9 3.350 0.307
RBCCapitalMarkets 10 3.046 5,534 83 10 2.504 0.542
Jefferies 11 1.936 3,518 73 12 2.035 -0.099
UBS 12 1.885 3,424 50 11 2.268 -0.383
Stifel 13 1.641 2,981 72 16 0.768 0.873
Cowen&Co 14 1.340 2,434 53 18 0.658 0.682
CantorFitzgerald 15 1.187 2,157 31 28 0.238 0.949
LeerinkPartnersLLC 16 1.041 1,891 37 19 0.591 0.450
BMOCapitalMarkets 17 0.967 1,757 32 13 1.468 -0.501
SunTrustRobinsonHumphrey 18 0.858 1,558 30 14 0.870 -0.012
RaymondJames&Associates 19 0.796 1,446 39 17 0.767 0.029
PiperJaffray&Co 20 0.778 1,413 37 20 0.467 0.311
TOTAL 100% 181,666 837 100%
USEquityIPOFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 10.997 4,618 55 2 9.447 1.550
CreditSuisse 2 10.238 4,300 39 4 8.503 1.735
GoldmanSachs 3 9.496 3,988 42 3 8.953 0.543
Citi 4 9.067 3,808 47 1 10.827 -1.760
MorganStanley 5 8.038 3,376 39 7 6.531 1.507
DeutscheBank 6 7.737 3,249 28 5 8.011 -0.274
Barclays 7 5.075 2,131 24 8 5.302 -0.227
BankofAmericaMerrillLynch 8 4.622 1,941 30 6 6.595 -1.973
RBCCapitalMarkets 9 4.128 1,734 27 10 3.512 0.616
WellsFargo 10 3.016 1,267 24 9 4.313 -1.297
CantorFitzgerald 11 2.406 1,011 5 21 0.741 1.665
Allen&Co 12 2.218 931 8 - - 2.218
Stifel 13 2.073 871 19 17 1.378 0.695
Jefferies 14 1.858 780 21 11 3.200 -1.342
UBS 15 1.739 730 12 12 2.923 -1.184
Cowen&Co 16 1.717 721 16 16 1.389 0.328
EarlyBirdCapitalInc 17 1.708 718 5 29 0.405 1.303
SandlerO'Neill&Partners 18 1.702 715 9 35 0.338 1.364
PiperJaffray&Co 19 0.984 413 10 19 1.012 -0.028
BMOCapitalMarkets 20 0.918 385 9 15 1.608 -0.690
TOTAL 100% 41,998 181 100%
USEquityLinkedFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 14.149 4,843 39 3 11.360 2.789
BankofAmericaMerrillLynch 2 13.770 4,713 41 4 7.648 6.122
MorganStanley 3 12.545 4,294 32 8 4.556 7.989
GoldmanSachs 4 10.086 3,452 21 2 14.567 -4.481
Barclays 5 7.892 2,701 21 10 3.769 4.123
WellsFargo 6 7.319 2,505 15 6 6.674 0.645
Citi 7 5.080 1,739 17 5 7.589 -2.509
CreditSuisse 8 4.463 1,528 16 7 4.644 -0.181
Jefferies 9 2.929 1,002 8 15 1.434 1.495
RBCCapitalMarkets 10 2.842 973 8 11 3.287 -0.445
BMOCapitalMarkets 11 2.507 858 8 22 0.645 1.862
BNPParibas 12 1.931 661 6 14 1.537 0.394
DeutscheBank 13 1.759 602 9 1 14.674 -12.915
HSBC 14 1.684 576 4 23 0.645 1.039
SunTrustRobinsonHumphrey 15 1.467 502 7 13 1.833 -0.366
USBancorp 16 1.288 441 2 20 0.674 0.614
MitsubishiUFJFinancialGroupInc 17 1.098 376 2 12 2.053 -0.955
JMPGroupLLC 18 1.052 360 7 34 0.109 0.943
SilverLakeGroupLLC 19 0.877 300 1 - - 0.877
LeerinkPartnersLLC 20 0.798 273 2 16 1.376 -0.578
TOTAL 100% 34,226 102 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page6
CanadaEquityReviewFY2017creditedCanadaEquity,EquityLinked&Preferredvolumedecreased20.92%toCAD43.1Blnwhiledealcountincreased17.02%to495offeringsyear-on-year.CanadaEquityIPOvolumeincreased555.71%year-on-yeartoCAD4.9Blnwhilethedealcountincreased255.00%to71.CanadaEquityOfferingsvolumedecreased23.84%year-on-yeartoCAD35.3Blnover446deals.RBCCapitalMarketsrankedasthetopCanadaEquity,EquityLinked&PreferredunderwriterforFY2017with21.08%marketshare.Thebankunderwrote60dealsovertheperiod.TDSecuritiesandBMOCapitalMarketsrankedsecondandthirdwith14.89%and13.75%marketshare,respectively.
CanadaEquity,EquityLinked&Preferred
FY2017 FY2016
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
RBCCapitalMarkets 1 21.085 9,094 60 2 18.372 2.713
TDSecurities 2 14.886 6,421 65 1 19.698 -4.812
BMOCapitalMarkets 3 13.748 5,930 68 3 12.967 0.781
CIBC 4 9.594 4,138 56 4 11.442 -1.848
Scotiabank 5 8.324 3,590 38 5 9.206 -0.882
NationalBankFinancialInc 6 5.545 2,392 44 6 4.940 0.605
JPMorgan 7 5.502 2,373 2 7 4.265 1.237
CanaccordGenuity 8 3.093 1,334 88 14 0.631 2.462
GMPSecurities 9 2.341 1,010 38 10 1.872 0.469
MorganStanley 10 1.334 575 4 19 0.444 0.890
TOTAL 100% 43,131 495 100%
CanadaEquity&EquityLinked
FY2017 FY2016
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
RBCCapitalMarkets 1 21.728 8,436 49 2 18.300 3.428
TDSecurities 2 14.551 5,650 51 1 19.120 -4.569
BMOCapitalMarkets 3 14.145 5,492 60 3 13.107 1.038
CIBC 4 8.227 3,194 40 4 11.012 -2.785
Scotiabank 5 6.797 2,639 24 5 7.521 -0.724
JPMorgan 6 6.112 2,373 2 7 4.712 1.400
NationalBankFinancialInc 7 4.992 1,938 35 6 5.115 -0.123
CanaccordGenuity 8 3.436 1,334 88 14 0.697 2.739
GMPSecurities 9 2.601 1,010 38 10 2.068 0.533
MorganStanley 10 1.482 575 4 19 0.491 0.991
TOTAL 100% 38,826 474 100%
Energy30%
Financials20%
Materials14%
Utilities14%
ConsumerDiscretionary8%
HealthCare7%
Others7%
CanadaEquity,EquityLinked&Preferred:QuarterlyVolume
Q42012
Q42012
Q42013
Q42013
Q42014
Q42014
Q42015
Q42015
Q42016
Q42016
QuartersQuarters
Q42017
Q42017
55
1010
1515
CADBln
CADBln
00
2020
100100
200200
300300
DealC
ountDealC
ount
00
400400
DealCount Amount
CanadaEquity,EquityLinked&Preferred:IndustryBreakdown
30%
20%14%
14%
8%
7%
7%
CanadaEquity,EquityLinked&Preferred:ManagerRankingsHistory
RBCCapitalMarkets
TDSecurities
BMOCapitalMarkets
CIBC
Scotiabank
NationalBankFinancialInc
10
20
MarketShare(%)
0
25
2017 2016 2015
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page7
CanadaEquityOfferingsFY2017 FY2016
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
RBCCapitalMarkets 1 21.562 7,609 43 2 18.923 2.639
TDSecurities 2 15.553 5,488 44 1 19.816 -4.263
BMOCapitalMarkets 3 12.924 4,561 53 3 13.093 -0.169
Scotiabank 4 7.478 2,639 24 5 6.557 0.921
JPMorgan 5 6.726 2,373 2 6 5.021 1.705
CIBC 6 6.723 2,372 31 4 9.912 -3.189
NationalBankFinancialInc 7 4.564 1,610 25 8 4.487 0.077
CanaccordGenuity 8 3.217 1,135 84 14 0.710 2.507
GMPSecurities 9 2.862 1,010 38 10 2.204 0.658
MorganStanley 10 1.630 575 4 19 0.523 1.107
CreditSuisse 11 1.557 549 4 7 4.762 -3.205
ClarusSecurities 12 1.552 548 20 21 0.328 1.224
CormarkSecuritiesInc 13 1.289 455 30 12 1.055 0.234
RaymondJames&Associates 14 1.227 433 14 15 0.625 0.602
HaywoodSecurities 15 0.844 298 38 23 0.263 0.581
CantorFitzgerald 16 0.781 276 9 22 0.285 0.496
Citi 17 0.690 243 3 17 0.571 0.119
Barclays 18 0.682 241 3 13 0.789 -0.107
GoldmanSachs 19 0.679 240 3 - - 0.679
BankofAmericaMerrillLynch 20 0.661 233 4 11 1.780 -1.119
TOTAL 100% 35,287 446 100%
CanadaEquityIPOFY2017 FY2016
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
RBCCapitalMarkets 1 25.685 1,269 7 - - 25.685
TDSecurities 2 19.441 961 4 2 23.441 -4.000
BMOCapitalMarkets 3 11.077 547 8 6 6.321 4.756
Scotiabank 4 9.856 487 7 - - 9.856
Citi 5 4.927 243 3 - - 4.927
MorganStanley 6 3.723 184 3 - - 3.723
GoldmanSachs 7 3.118 154 2 - - 3.118
CIBC 8 2.802 138 4 1 26.901 -24.099
GMPSecurities 9 2.727 135 5 8 0.690 2.037
BankofAmericaMerrillLynch 10 1.848 91 2 3 20.345 -18.497
LeerinkPartnersLLC 11 1.752 87 1 - - 1.752
CreditSuisse 12 1.466 72 2 - - 1.466
Jefferies 13 1.404 69 2 - - 1.404
WellsFargo 14 1.376 68 2 - - 1.376
Barclays 14 1.376 68 2 - - 1.376
INFORFinancialGroupInc 16 1.057 52 1 - - 1.057
RaymondJames&Associates 17 1.012 50 1 - - 1.012
CanaccordGenuity 18 0.972 48 14 10 0.100 0.872
ClarusSecurities 19 0.944 47 1 - - 0.944
RobertWBaird&Co 20 0.729 36 1 - - 0.729
TOTAL 100% 4,941 71 100%
CanadianRetailStructuredProductsFY2017 FY2016
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CIBC 1 30.591 384 28 1 28.622 1.969
RBCCapitalMarkets 2 27.241 342 23 2 22.876 4.365
Scotiabank 3 22.666 285 21 3 15.437 7.229
NationalBankFinancialInc 4 8.382 105 15 4 14.199 -5.817
BMOCapitalMarkets 5 3.186 40 7 6 6.787 -3.601
TDSecurities 6 1.456 18 5 7 3.392 -1.936
CanaccordGenuity 7 0.792 10 4 - - 0.792
RaymondJames&Associates 7 0.792 10 4 - - 0.792
GMPSecurities 7 0.792 10 4 - - 0.792
EuroPacificCapitalInc 7 0.792 10 4 - - 0.792
ManulifeFinancialCorp 7 0.792 10 4 - - 0.792
MackieResearchCapitalCorp 12 0.756 9 3 - - 0.756
DesjardinsCapitalMarkets 12 0.756 9 3 - - 0.756
MiddlefieldCapitalCorp 14 0.531 7 2 - - 0.531
IndustrialAllianceInsurance&Financial 15 0.298 4 3 - - 0.298
PacificInternationalSecuritiesInc 16 0.175 2 1 - - 0.175
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 1,256 33 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page8
LatinAmericaEquityReviewFY2017creditedLatinAmericaEquityOfferingsvolumeincreased196.71%toUSD26.2Blnwhiledealcountincreased132.26%to72offeringsyear-on-year.BancoItauBBArankedasthetopLatinAmericaEquityOfferingsunderwriterforFY2017with12.90%marketshare.Thebankunderwrote31dealsovertheperiod.CreditSuisseandBankofAmericaMerrillLynchrankedsecondandthirdwith12.65%and12.06%marketshare,respectively.
LatinAmericaEquityOfferings
FY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BancoItauBBA 1 12.901 3,381 31 6 7.164 5.737
CreditSuisse 2 12.655 3,317 21 7 5.444 7.211
BankofAmericaMerrillLynch 3 12.065 3,162 25 4 9.970 2.095
BancoSantander 4 8.349 2,188 28 3 11.066 -2.717
JPMorgan 5 8.329 2,183 24 2 14.169 -5.840
BradescoBBISA 6 7.167 1,878 25 8 3.708 3.459
BancoBTGPactual 7 6.228 1,632 24 5 7.817 -1.589
Citi 8 5.181 1,358 14 10 2.592 2.589
MorganStanley 9 5.093 1,335 13 1 17.048 -11.955
GoldmanSachs 10 3.321 871 8 12 2.346 0.975
TOTAL 100% 26,210 72 100%
BrazilEquityOfferings
FY2017 FY2016
Firm Rank MktShare(%) Volume(BRLMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BancoItauBBA 1 17.699 9,009 26 1 19.731 -2.032
CreditSuisse 2 15.660 7,971 14 10 3.422 12.238
BankofAmericaMerrillLynch 3 12.272 6,247 18 2 16.045 -3.773
BancoSantander 4 10.386 5,286 22 3 14.405 -4.019
BradescoBBISA 5 10.259 5,222 23 4 10.517 -0.258
JPMorgan 6 8.563 4,359 17 - - 8.563
BancoBTGPactual 7 6.181 3,146 15 5 7.978 -1.797
BancodoBrasilSA 8 3.685 1,876 9 7 6.410 -2.725
MorganStanley 9 2.851 1,451 5 8 4.829 -1.978
Citi 10 2.365 1,204 6 6 6.864 -4.499
TOTAL 100% 50,900 40 100%
Financials34%
ConsumerDiscretionary17%
Industrials11%
ConsumerStaples11%
Materials9%
Energy8%
Others9%
LatinAmericaEquityOfferings:QuarterlyVolume
Q42012
Q42012
Q42013
Q42013
Q42014
Q42014
Q42015
Q42015
Q42016
Q42016
QuartersQuarters
Q42017
Q42017
55
1010
1515
USDBln
USDBln
00
2020
1010
2020 DealC
ountDealC
ount
00
3030
DealCount Amount
LatinAmericaEquityOfferings:IndustryBreakdown
34%
17%11%
11%
9%
8%
9%
LatinAmericaEquityOfferings:ManagerRankingsHistory
BancoItauBBA
CreditSuisse
BankofAmericaMerrillLynch
BancoSantander
JPMorgan
BradescoBBISA
5
10
MarketShare(%)
0
15
2017 2016 2015
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page9
EMEAEquityReviewFY2017creditedEMEAEquity,EquityLinked&Rights-Riskvolumeincreased50.94%toUSD232.7Blnwhiledealcountincreased32.72%to1,018offeringsyear-on-year.EMEAEquityIPOvolumeincreased44.04%year-on-yeartoUSD49.3Blnwhilethedealcountincreased43.26%to202.EMEAEquityLinked-Riskvolumedecreased10.32%year-on-yeartoUSD23.6Blnover75deals.JPMorganrankedasthetopEMEAEquity,EquityLinked&Rights-RiskunderwriterforFY2017with9.34%marketshare.Thebankunderwrote104dealsovertheperiod.MorganStanleyandCitirankedsecondandthirdwith8.11%and7.14%marketshare,respectively.
EMEAEquity,EquityLinked&Rights-Risk:HighlightsofFY2017
Issuer Industry Volume(USDMln) Date
UniCreditSpA Financials 13,737 02/23/2017
DeutscheBankAG Financials 8,530 04/06/2017
BancoSantanderSA Financials 8,229 07/20/2017
RegionalREITLtd Financials 5,073 12/19/2017
ElectricitedeFranceSA Utilities 4,343 03/21/2017
CreditSuisseGroupAG Financials 4,257 06/07/2017
AlliedIrishBanksPLC Financials 3,845 06/23/2017
LonzaGroupAG HealthCare 2,966 05/10/2017
BarclaysAfricaGroupLtd Financials 2,909 06/01/2017
Pirelli&CSpA ConsumerDiscretionary 2,830 09/29/2017
EMEAEquity,EquityLinked&Rights-Risk
Q42012
Q42012
Q42013
Q42013
Q42014
Q42014
Q42015
Q42015
Q42016
Q42016
QuartersQuarters
Q42017
Q42017
2020
4040
6060
8080
100100
120120
USDBln
USDBln
00
140140
100100
200200
300300
DealC
ountDealC
ount
00
400400
DealCount Rights Equity-Linked IPO
Add'l
EMEAEquity,EquityLinked&Rights-Risk:IndustryBreakdown
Industry Volume(USDMln) %OfTotal %YOYChange
Financials 117,283 43.9% 110.9%
ConsumerDiscretionary 31,268 11.7% 68.0%
Industrials 23,217 8.7% 21.7%
Materials 21,223 7.9% 20.5%
HealthCare 18,225 6.8% 36.8%
Utilities 13,937 5.2% 28.0%
ConsumerStaples 11,736 4.4% 46.9%
Energy 11,223 4.2% -16.4%
Communications 10,403 3.9% -30.0%
Technology 8,917 3.3% 72.4%
EMEAEquity,EquityLinked&Rights-Risk:OfferingBreakdown
OfferingType Volume(USDMln) %OfTotal %YOYChange
AdditionalOfferings 117,801 44.0% 59.3%
RightsOfferings 67,224 25.1% 89.7%
IPO 57,719 21.6% 65.0%
Equity-Linked 24,692 9.2% -23.3%
EMEAEquity,EquityLinked&Rights-Risk:LargestDealsbyCountryofFY2017
Issuer Volume(USDMln) Date Country
4,343 03/21/2017 France
8,530 04/06/2017 Germany
202 07/03/2017 Greece
13,737 02/23/2017 Italy
2,275 09/19/2017 Netherlands
299 09/13/2017 SaudiArabia
2,909 06/01/2017 SouthAfrica
8,229 07/20/2017 Spain
4,257 06/07/2017 Switzerland
1,313 11/16/2017 UnitedArabEmirates
ElectricitedeFranceSA
DeutscheBankAG
GrivaliaPropertiesREICAE
UniCreditSpA
HeinekenNV
AlmaraiCo
BarclaysAfricaGroupLtd
BancoSantanderSA
CreditSuisseGroupAG
EmaarDevelopmentPJSC
RegionalREITLtd 5,073 12/19/2017 UnitedKingdom
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page10
EMEAEquity,EquityLinked&Rights-RiskFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 9.340 21,732 104 1 10.578 -1.238
MorganStanley 2 8.115 18,881 101 4 6.951 1.164
Citi 3 7.139 16,610 104 7 5.120 2.019
UBS 4 7.065 16,438 66 5 6.858 0.207
GoldmanSachs 5 6.428 14,958 86 2 8.431 -2.003
DeutscheBank 6 5.545 12,901 69 6 5.725 -0.180
BankofAmericaMerrillLynch 7 5.213 12,129 57 3 7.146 -1.933
BNPParibas 8 4.055 9,435 74 9 3.731 0.324
CreditSuisse 9 4.010 9,331 60 8 5.037 -1.027
Barclays 10 3.803 8,848 54 10 3.159 0.644
SocieteGenerale 11 3.204 7,455 53 11 2.497 0.707
HSBC 12 2.441 5,679 33 12 2.477 -0.036
Jefferies 13 1.748 4,067 37 14 1.881 -0.133
JohBerenbergGossler&CoKG 14 1.604 3,732 40 24 0.795 0.809
CreditAgricoleCIB 15 1.390 3,235 21 16 1.535 -0.145
Mediobanca 16 1.238 2,880 15 21 0.915 0.323
UniCredit 17 1.235 2,874 25 19 0.974 0.261
Carnegie 18 1.195 2,782 56 17 1.460 -0.265
Numis 19 1.144 2,662 31 15 1.713 -0.569
BancoSantander 20 1.125 2,617 13 35 0.464 0.661
TOTAL 100% 232,677 1,018 100%
EMEAEquity,EquityLinked&Rights-SyndicationFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 9.479 22,241 102 1 10.308 -0.829
UBS 2 7.367 17,286 68 5 6.815 0.552
MorganStanley 3 7.339 17,220 85 4 6.847 0.492
Citi 4 7.222 16,947 97 7 5.157 2.065
GoldmanSachs 5 6.450 15,136 83 2 8.304 -1.854
DeutscheBank 6 5.753 13,499 69 6 5.675 0.078
BankofAmericaMerrillLynch 7 5.041 11,829 52 3 6.969 -1.928
BNPParibas 8 3.998 9,382 73 9 3.724 0.274
CreditSuisse 9 3.769 8,844 56 8 4.878 -1.109
Barclays 10 3.497 8,205 47 10 2.970 0.527
SocieteGenerale 11 3.177 7,455 53 11 2.492 0.685
HSBC 12 2.420 5,679 33 12 2.472 -0.052
Jefferies 13 1.607 3,771 31 16 1.596 0.011
JohBerenbergGossler&CoKG 14 1.590 3,732 40 25 0.793 0.797
Nomura 15 1.468 3,445 10 14 1.757 -0.289
CreditAgricoleCIB 16 1.379 3,235 21 17 1.532 -0.153
Mediobanca 17 1.227 2,880 15 22 0.913 0.314
UniCredit 18 1.225 2,874 25 20 0.972 0.253
Carnegie 19 1.205 2,828 57 18 1.458 -0.253
Numis 20 1.134 2,662 31 15 1.710 -0.576
TOTAL 100% 234,643 986 100%
EMEAEquity&EquityLinked-RiskFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 10.221 18,687 90 1 10.750 -0.529
MorganStanley 2 8.888 16,251 92 4 7.691 1.197
UBS 3 7.992 14,613 62 3 7.763 0.229
Citi 4 7.770 14,206 95 8 5.113 2.657
GoldmanSachs 5 6.732 12,308 77 2 8.988 -2.256
DeutscheBank 6 5.634 10,301 58 6 6.171 -0.537
BankofAmericaMerrillLynch 7 5.366 9,812 50 5 6.609 -1.243
BNPParibas 8 3.850 7,040 58 9 3.813 0.037
Barclays 9 3.669 6,708 47 10 2.558 1.111
CreditSuisse 10 3.568 6,523 51 7 5.859 -2.291
SocieteGenerale 11 2.851 5,213 44 12 2.388 0.463
JohBerenbergGossler&CoKG 12 2.000 3,657 37 23 0.814 1.186
HSBC 13 1.824 3,335 25 14 1.819 0.005
Jefferies 14 1.689 3,088 33 15 1.796 -0.107
Carnegie 15 1.518 2,776 53 16 1.617 -0.099
Numis 16 1.360 2,487 26 13 1.978 -0.618
UniCredit 17 1.140 2,084 22 21 0.902 0.238
Nordea 18 1.129 2,065 23 11 2.422 -1.293
ABNAmroBankNV 19 1.108 2,025 11 24 0.732 0.376
JavaCapital 20 1.098 2,008 15 18 1.157 -0.059
TOTAL 100% 182,842 904 100%
EMEAEquity&EquityLinked-SyndicationFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 10.383 19,196 88 1 10.425 -0.042
UBS 2 8.363 15,461 64 3 7.707 0.656
MorganStanley 3 7.891 14,589 76 4 7.563 0.328
Citi 4 7.866 14,542 88 8 5.155 2.711
GoldmanSachs 5 6.754 12,487 74 2 8.832 -2.078
DeutscheBank 6 5.895 10,899 58 6 6.108 -0.213
BankofAmericaMerrillLynch 7 5.145 9,512 45 5 6.398 -1.253
BNPParibas 8 3.779 6,987 57 9 3.803 -0.024
Barclays 9 3.280 6,064 40 12 2.334 0.946
CreditSuisse 10 3.265 6,036 47 7 5.667 -2.402
SocieteGenerale 11 2.820 5,213 44 11 2.382 0.438
JohBerenbergGossler&CoKG 12 1.978 3,657 37 24 0.812 1.166
Nomura 13 1.863 3,445 10 13 2.041 -0.178
HSBC 14 1.804 3,335 25 15 1.814 -0.010
Carnegie 15 1.526 2,822 54 16 1.613 -0.087
Jefferies 16 1.510 2,792 27 17 1.456 0.054
Numis 17 1.345 2,487 26 14 1.973 -0.628
Nordea 18 1.142 2,111 24 10 2.415 -1.273
UniCredit 19 1.127 2,084 22 21 0.899 0.228
JavaCapital 20 1.086 2,008 15 19 1.154 -0.068
TOTAL 100% 184,883 896 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page11
EMEAEquityLinked-RiskFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 26.793 6,323 14 1 18.280 8.513
DeutscheBank 2 10.850 2,561 13 11 3.453 7.397
BNPParibas 3 9.510 2,244 19 2 10.649 -1.139
SocieteGenerale 4 7.339 1,732 14 10 3.557 3.782
MorganStanley 5 6.695 1,580 10 5 8.274 -1.579
Citi 6 5.352 1,263 9 7 6.367 -1.015
CreditAgricoleCIB 7 4.626 1,092 11 8 4.726 -0.100
UBS 8 3.588 847 5 12 2.268 1.320
GoldmanSachs 9 3.531 833 5 3 9.965 -6.434
UniCredit 10 3.243 765 5 19 0.724 2.519
Natixis 11 2.935 693 10 15 1.008 1.927
Barclays 12 2.768 653 2 13 1.725 1.043
HSBC 13 2.483 586 7 9 4.315 -1.832
CreditSuisse 14 1.792 423 4 4 8.352 -6.560
BankofAmericaMerrillLynch 15 1.758 415 2 6 7.984 -6.226
JohBerenbergGossler&CoKG 16 0.931 220 3 18 0.729 0.202
KeplerCheuvreux 17 0.578 137 2 - - 0.578
Stifel 18 0.487 115 2 23 0.197 0.290
CenkosSecurities 18 0.487 115 2 - - 0.487
Mediobanca 20 0.451 106 1 - - 0.451
TOTAL 100% 23,600 75 100%
EMEAEquityLinked-SyndicationFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 22.265 6,730 16 1 16.060 6.205
DeutscheBank 2 11.697 3,536 15 12 3.033 8.664
Nomura 3 10.621 3,210 9 5 8.356 2.265
BNPParibas 4 7.425 2,244 19 2 9.355 -1.930
SocieteGenerale 5 5.730 1,732 14 11 3.125 2.605
MorganStanley 6 5.667 1,713 10 4 8.367 -2.700
GoldmanSachs 7 4.420 1,336 8 3 8.754 -4.334
Citi 8 3.861 1,167 8 8 6.943 -3.082
CreditAgricoleCIB 9 3.611 1,092 11 9 4.152 -0.541
MizuhoFinancial 10 2.899 876 3 13 2.364 0.535
UBS 11 2.801 847 5 14 1.992 0.809
UniCredit 12 2.532 765 5 19 0.636 1.896
Barclays 13 2.382 720 3 15 1.516 0.866
Natixis 14 2.291 693 10 16 0.885 1.406
HSBC 15 1.938 586 7 10 3.791 -1.853
CreditSuisse 16 1.620 490 5 6 7.337 -5.717
BankofAmericaMerrillLynch 17 1.593 482 3 7 7.014 -5.421
SumitomoMitsuiFinancial 18 0.728 220 1 54 0.042 0.686
JohBerenbergGossler&CoKG 19 0.727 220 3 18 0.641 0.086
DaiwaSecurities 20 0.592 179 2 35 0.089 0.503
TOTAL 100% 30,228 91 100%
EMEAEquityIPOFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 8.222 4,051 22 1 8.808 -0.586
Citi 2 7.351 3,621 27 8 4.653 2.698
UBS 3 6.543 3,224 14 2 7.406 -0.863
MorganStanley 4 6.044 2,977 18 5 6.736 -0.692
CreditSuisse 5 5.608 2,763 15 7 5.099 0.509
GoldmanSachs 6 5.343 2,632 17 4 7.284 -1.941
BankofAmericaMerrillLynch 7 4.501 2,217 13 6 5.756 -1.255
DeutscheBank 8 3.797 1,870 12 3 7.299 -3.502
HSBC 9 3.199 1,576 9 23 0.950 2.249
Jefferies 10 2.627 1,294 14 49 0.361 2.266
Barclays 11 2.467 1,215 10 12 2.562 -0.095
Carnegie 12 2.400 1,182 19 13 2.555 -0.155
BNPParibas 13 2.392 1,178 12 10 3.284 -0.892
BancoSantander 14 2.285 1,125 8 29 0.643 1.642
UniCredit 15 2.029 1,000 10 34 0.596 1.433
Davy 16 1.950 961 3 - - 1.950
JohBerenbergGossler&CoKG 17 1.744 859 10 43 0.380 1.364
Numis 18 1.743 859 4 16 1.376 0.367
DanskeBank 19 1.301 641 11 11 3.030 -1.729
SEB 20 1.171 577 7 19 1.234 -0.063
TOTAL 100% 49,264 202 100%
EMEAEquityOfferingsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 9.195 14,639 81 4 7.542 1.653
UBS 2 8.647 13,766 57 1 9.162 -0.515
Citi 3 8.129 12,943 86 8 4.793 3.336
JPMorgan 4 7.766 12,364 76 2 8.833 -1.067
GoldmanSachs 5 7.208 11,475 72 3 8.739 -1.531
BankofAmericaMerrillLynch 6 5.902 9,397 48 6 6.259 -0.357
DeutscheBank 7 4.862 7,740 45 5 6.863 -2.001
CreditSuisse 8 3.831 6,100 47 7 5.225 -1.394
Barclays 9 3.803 6,055 45 10 2.770 1.033
BNPParibas 10 3.012 4,796 39 13 2.073 0.939
SocieteGenerale 11 2.187 3,481 30 12 2.091 0.096
JohBerenbergGossler&CoKG 12 2.159 3,437 34 23 0.836 1.323
Jefferies 13 1.903 3,029 32 15 1.957 -0.054
Carnegie 14 1.743 2,776 53 14 2.029 -0.286
HSBC 15 1.726 2,749 18 18 1.183 0.543
Numis 16 1.562 2,487 26 11 2.482 -0.920
ABNAmroBankNV 17 1.272 2,025 11 22 0.884 0.388
JavaCapital 18 1.261 2,008 15 16 1.451 -0.190
Nordea 19 1.244 1,981 22 9 3.036 -1.792
SEB 20 0.982 1,564 27 19 1.112 -0.130
TOTAL 100% 159,209 828 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page12
EMEARightsOfferingsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 6.109 3,044 14 2 9.665 -3.556
CreditSuisse 2 5.634 2,808 9 29 0.678 4.956
GoldmanSachs 3 5.316 2,649 9 5 5.477 -0.161
MorganStanley 4 5.278 2,630 9 13 3.028 2.250
DeutscheBank 5 5.216 2,600 11 10 3.362 1.854
Citi 6 4.825 2,404 9 6 5.159 -0.334
BNPParibas 7 4.805 2,395 16 11 3.294 1.511
HSBC 8 4.704 2,344 8 4 5.962 -1.258
BankofAmericaMerrillLynch 9 4.649 2,317 7 1 9.989 -5.340
SocieteGenerale 10 4.497 2,241 9 12 3.073 1.424
Barclays 11 4.295 2,140 7 3 6.346 -2.051
Mediobanca 12 4.088 2,037 6 8 3.584 0.504
CreditAgricoleCIB 13 3.858 1,922 7 9 3.407 0.451
UBS 14 3.661 1,825 4 18 2.064 1.597
IntesaSanpaolo 15 3.607 1,798 4 14 2.844 0.763
BancoBilbaoVizcayaArgentaria 15 3.607 1,798 4 23 1.279 2.328
Natixis 17 3.362 1,675 6 17 2.225 1.137
BancoSantander 18 2.979 1,484 4 19 1.950 1.029
INGGroep 19 2.483 1,238 6 49 0.207 2.276
Commerzbank 20 2.287 1,140 3 21 1.592 0.695
TOTAL 100% 49,835 114 100%
WesternEuropeEquity,EquityLinked&RightsFY2017 FY2016
Firm Rank MktShare(%) Volume(EURMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 9.598 17,313 88 1 10.980 -1.382
MorganStanley 2 7.759 13,997 84 4 7.298 0.461
UBS 3 7.228 13,038 57 5 6.999 0.229
Citi 4 6.616 11,935 77 8 4.259 2.357
GoldmanSachs 5 6.534 11,787 68 2 8.700 -2.166
DeutscheBank 6 5.759 10,388 61 6 6.521 -0.762
BankofAmericaMerrillLynch 7 5.308 9,576 48 3 7.791 -2.483
BNPParibas 8 4.657 8,400 74 9 4.015 0.642
CreditSuisse 9 4.410 7,955 55 7 5.763 -1.353
Barclays 10 3.759 6,781 43 10 3.325 0.434
SocieteGenerale 11 3.598 6,491 48 11 2.769 0.829
HSBC 12 2.330 4,204 27 13 2.330 0.000
Jefferies 13 1.996 3,601 35 14 2.123 -0.127
JohBerenbergGossler&CoKG 14 1.794 3,237 38 24 0.856 0.938
CreditAgricoleCIB 15 1.630 2,941 21 16 1.708 -0.078
Mediobanca 16 1.447 2,610 15 19 1.034 0.413
Carnegie 17 1.365 2,462 56 17 1.676 -0.311
UniCredit 18 1.346 2,428 21 21 1.011 0.335
Numis 19 1.300 2,345 29 15 1.955 -0.655
Natixis 20 1.282 2,313 19 28 0.674 0.608
TOTAL 100% 180,387 845 100%
EasternEuropeEquity,EquityLinked&RightsFY2017 FY2016
Firm Rank MktShare(%) Volume(EURMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Citi 1 12.577 1,597 16 2 12.138 0.439
GoldmanSachs 2 9.961 1,265 15 1 16.445 -6.484
BankofAmericaMerrillLynch 3 9.177 1,166 8 - - 9.177
VTBCapital 4 8.822 1,121 10 3 10.537 -1.715
UBS 5 6.296 800 7 6 5.950 0.346
JPMorgan 6 6.167 783 9 4 9.949 -3.782
DeutscheBank 7 4.630 588 4 24 0.682 3.948
MorganStanley 8 4.157 528 5 7 5.146 -0.989
JavaCapital 9 4.019 511 3 10 2.845 1.174
RenaissanceCapitalPtyLtd 10 3.362 427 10 - - 3.362
SberbankCIBCJSC 11 2.886 367 5 5 7.670 -4.784
PKOBankPolskiSA 12 2.638 335 4 11 2.147 0.491
CreditSuisse 13 2.622 333 5 - - 2.622
BancoSantander 14 2.058 261 4 12 1.993 0.065
Barclays 15 1.917 243 4 - - 1.917
Wood&CoFinancialServicesAS 16 1.874 238 7 14 1.699 0.175
Gazprombank 17 1.827 232 3 - - 1.827
SocieteGenerale 18 1.805 229 5 24 0.682 1.123
BMOCapitalMarkets 19 1.771 225 2 - - 1.771
UnluMenkulDegerlerAS 20 1.315 167 2 9 3.108 -1.793
TOTAL 100% 12,701 73 100%
AIMEquityOfferingsFY2017 FY2016
Firm Rank MktShare(%) Volume(GBPMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CenkosSecurities 1 11.855 883 30 4 6.777 5.078
JohBerenbergGossler&CoKG 2 6.729 501 11 - - 6.729
Numis 3 6.698 499 21 7 4.815 1.883
ZeusCapital 4 6.381 475 12 9 4.545 1.836
PeelHuntLLP 5 5.205 388 15 3 7.303 -2.098
PanmureGordon 6 5.094 379 19 12 3.014 2.080
LiberumCapitalLtd 7 4.559 339 14 2 10.939 -6.380
BancaMonteDeiPaschidiSienaSpA 8 4.263 317 4 - - 4.263
Jefferies 9 3.860 287 5 - - 3.860
FinnCap 10 3.833 285 28 5 5.852 -2.019
IntesaSanpaolo 11 3.465 258 3 - - 3.465
GoldmanSachs 12 2.980 222 1 11 3.371 -0.391
CanaccordGenuity 13 2.515 187 9 13 2.178 0.337
Stifel 14 2.263 169 8 1 13.035 -10.772
CantorFitzgerald 15 2.206 164 19 15 1.943 0.263
Mediobanca 16 1.969 147 3 - - 1.969
Barclays 17 1.914 143 2 - - 1.914
Nplus1SingerLtd 18 1.901 142 14 10 3.735 -1.834
Macquarie 19 1.590 118 5 18 1.536 0.054
AllenbyCapitalLtd 20 1.436 107 19 35 0.325 1.111
TOTAL 100% 7,445 424 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page13
AfricaEquity,EquityLinked&RightsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 19.880 2,189 10 6 6.048 13.832
JPMorgan 2 10.182 1,121 5 4 7.256 2.926
UBS 3 8.775 966 2 7 5.811 2.964
JavaCapital 4 8.707 959 9 1 13.277 -4.570
Citi 5 8.628 950 5 2 13.116 -4.488
FirstRandLtd 6 7.728 851 4 3 11.863 -4.135
Barclays 7 7.683 846 5 12 2.870 4.813
DeutscheBank 8 6.334 697 4 - - 6.334
Investec 9 3.456 380 5 19 0.894 2.562
HSBC 10 3.201 352 2 8 4.103 -0.902
ABSABankLimited 11 2.385 263 1 10 3.785 -1.400
OrbitSecuritiesCoLtd 12 1.934 213 1 35 0.054 1.880
Industrial&CommBankofChina 13 1.884 207 1 21 0.825 1.059
GoldmanSachs 14 1.865 205 2 19 0.894 0.971
StandardBankofSouthAfrica 15 1.197 132 2 9 3.804 -2.607
PerigeumCapital 16 1.003 110 1 - - 1.003
BarclaysAfricaGroupLtd 17 0.978 108 2 - - 0.978
PSGGroupLtd 18 0.886 98 4 31 0.160 0.726
RBCCapitalMarkets 19 0.817 90 1 - - 0.817
BMOCapitalMarkets 19 0.817 90 1 - - 0.817
TOTAL 100% 11,009 46 100%
Sub-SaharaEquity,EquityLinked&RightsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 19.961 2,189 10 6 6.333 13.628
JPMorgan 2 10.223 1,121 5 4 7.598 2.625
UBS 3 8.811 966 2 7 6.085 2.726
JavaCapital 4 8.743 959 9 1 13.903 -5.160
Citi 5 8.663 950 5 2 13.734 -5.071
FirstRandLtd 6 7.760 851 4 3 12.422 -4.662
Barclays 7 7.714 846 5 12 3.006 4.708
DeutscheBank 8 6.360 697 4 - - 6.360
Investec 9 3.470 380 5 17 0.936 2.534
HSBC 10 3.214 352 2 8 4.296 -1.082
ABSABankLimited 11 2.395 263 1 10 3.963 -1.568
OrbitSecuritiesCoLtd 12 1.942 213 1 33 0.056 1.886
Industrial&CommBankofChina 13 1.892 207 1 19 0.864 1.028
GoldmanSachs 14 1.873 205 2 17 0.936 0.937
StandardBankofSouthAfrica 15 1.202 132 2 9 3.984 -2.782
PerigeumCapital 16 1.007 110 1 - - 1.007
BarclaysAfricaGroupLtd 17 0.982 108 2 - - 0.982
PSGGroupLtd 18 0.890 98 4 29 0.168 0.722
RBCCapitalMarkets 19 0.821 90 1 - - 0.821
BMOCapitalMarkets 19 0.821 90 1 - - 0.821
TOTAL 100% 10,965 43 100%
MENAEquity,EquityLinked&RightsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
1 15.899 832 7 8 6.198 9.701
2 10.683 559 2 - - 10.683
3 9.364 490 2 2 15.348 -5.984
4 9.170 480 3 - - 9.170
5 8.026 420 2 3 11.993 -3.967
6 7.018 367 2 - - 7.018
6 7.018 367 2 - - 7.018
8 5.794 303 3 - - 5.794
9 2.417 127 2 - - 2.417
10 2.321 122 1 - - 2.321
10 2.321 122 1 - - 2.321
10 2.321 122 1 - - 2.321
13 2.319 121 3 - - 2.319
14 2.228 117 1 - - 2.228
15 2.152 113 1 - - 2.152
16 1.703 89 2 - - 1.703
17 1.564 82 1 - - 1.564
17 1.564 82 1 - - 1.564
17 1.564 82 1 - - 1.564
20 1.169 61 1 10 4.739 -3.570
EFG-Hermes
FirstAbuDhabiBankPJSC
EmiratesNBDPJSC
DNBASA
HSBC
CLARKSONSPLATOUSECURITIESAS
FearnleySecuritiesAS
Citi
BeltoneFinancial
MorganStanley
GoldmanSachs
BankofAmericaMerrillLynch
ABGSundalCollierAsa
GulfBaaderCapitalMarketsSAOC
ArcticSecurities
SaudiInvestmentBank/The
ParetoSecurities
SpareBank1MarketsAS
SEB
BanqueSaudiFransi
TOTAL 100% 5,235 29 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page14
AsiaPacificEquityReviewFY2017creditedAPACex-JapanEquity,EquityLinked&Rightsvolumeincreased29.56%toUSD193.7Blnwhiledealcountincreased19.77%to2,345offeringsyear-on-year.APACex-JapanEquityIPOvolumeincreased18.06%year-on-yeartoUSD84.1Blnwhilethedealcountincreased39.19%to1,069.APACex-JapanEquityLinkedvolumeincreased55.24%year-on-yeartoUSD32.3Blnover156deals.MorganStanleyrankedasthetopAPACex-JapanEquity,EquityLinked&RightsunderwriterforFY2017with6.86%marketshare.Thebankunderwrote68dealsovertheperiod.UBSandCitirankedsecondandthirdwith6.58%and4.83%marketshare,respectively.
APACEquity,EquityLinked&Rights:HighlightsofFY2017
Issuer Industry Volume(USDMln) Date
JapanPostHoldingsCoLtd Financials 10,829 09/25/2017
ToshibaCorp Industrials 5,356 11/19/2017
ChinaEverbrightBankCoLtd Financials 4,348 03/15/2017
RenesasElectronicsCorp Technology 3,177 06/12/2017
WoodsidePetroleumLtd Energy 2,652 11/14/2017
ChinaCommunicationsConstructionGroupLtd Industrials 2,408 11/10/2017
NetmarbleGamesCorp Technology 2,346 04/21/2017
StateBankofIndia Financials 2,327 06/16/2017
ChinaBaowuSteelGroupCorpLtd Materials 2,277 11/24/2017
GuotaiJunanSecuritiesCoLtd Financials 2,221 03/27/2017
APACEquity,EquityLinked&Rights:IndustryBreakdown
30%
17%
12%
10%
7%
6%
5%
13%
Industry Volume(USDMln) %OfTotal %YOYChange
Financials 79,904 29.5% 19.3%
Industrials 47,369 17.5% 90.6%
ConsumerDiscretionary 33,685 12.4% 23.0%
Technology 28,413 10.5% 136.4%
Materials 18,078 6.7% 11.9%
ConsumerStaples 15,035 5.6% 66.9%
Energy 14,402 5.3% 147.9%
Communications 13,057 4.8% -44.6%
HealthCare 12,843 4.7% -3.9%
Utilities 7,966 2.9% 61.6%
Asiaex-JapanEquity,EquityLinked&Rights
Q42012
Q42012
Q42013
Q42013
Q42014
Q42014
Q42015
Q42015
Q42016
Q42016
QuartersQuarters
Q42017
Q42017
5050
USDBln
USDBln
00
8080
500500
DealC
ountDealC
ount
00
800800
DealCount Rights IPO
Add'l
Australia/NewZealandEquity,EQL&Rights
Q42012
Q42012
Q42013
Q42013
Q42014
Q42014
Q42015
Q42015
Q42016
Q42016
QuartersQuarters
Q42017
Q42017
1010
USDBln
USDBln
00
2020
200200
DealC
ountDealC
ount
00
400400
DealCount Rights IPO
Add'l
ChinaEquity,EquityLinked&Rights
Q42012
Q42012
Q42013
Q42013
Q42014
Q42014
Q42015
Q42015
Q42016
Q42016
QuartersQuarters
Q42017
Q42017
200200
USDBln
USDBln
00
400400
200200
DealC
ountDealC
ount
00
400400
DealCount Rights IPO
Add'l
JapanEquity&EquityLinked
Q42012
Q42012
Q42013
Q42013
Q42014
Q42014
Q42015
Q42015
Q42016
Q42016
QuartersQuarters
Q42017
Q42017
1,0001,000
USDBln
USDBln
00
1,8001,800
5050
DealC
ountDealC
ount
00
110110
DealCount Rights IPO
Add'l
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page15
Asiaex-JapanEquity,EquityLinked&RightsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 6.147 10,621 61 1 9.173 -3.026
CITICSecuritiesCoLtd 2 5.136 8,874 62 5 3.658 1.478
Citi 3 5.093 8,801 65 3 3.954 1.139
UBS 4 4.346 7,509 34 9 2.616 1.730
GoldmanSachs 5 4.147 7,166 36 8 2.696 1.451
CreditSuisse 6 3.547 6,129 47 10 2.561 0.986
ChinaInternationalCapitalCorp 7 3.508 6,061 39 6 3.216 0.292
DeutscheBank 8 3.141 5,427 40 2 4.582 -1.441
JPMorgan 9 2.976 5,142 28 4 3.867 -0.891
BankofAmericaMerrillLynch 10 2.555 4,414 28 17 1.701 0.854
GFSecurities 11 2.414 4,171 45 20 1.460 0.954
ChinaSecuritiesCoLtd 12 2.262 3,909 35 7 2.846 -0.584
GuosenSecuritiesCoLtd 13 2.146 3,708 31 31 0.877 1.269
HSBC 14 2.131 3,683 26 21 1.426 0.705
NHInvestment&SecuritiesCoLtd 15 2.015 3,482 16 26 1.080 0.935
HaitongSecuritiesCoLtd 16 1.952 3,373 55 13 2.116 -0.164
GuotaiJunanSecuritiesCoLtd 17 1.703 2,942 34 11 2.312 -0.609
ChinaMerchantsSecurities 18 1.637 2,829 30 19 1.520 0.117
KotakMahindraBankLtd 19 1.483 2,563 21 50 0.409 1.074
SinolinkSecuritiesCoLtd 20 1.252 2,163 27 15 1.947 -0.695
TOTAL 100% 172,792 1,839 100%
Asiaex-JapanEquity,EQL&Rightsex-CHASharesFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 8.511 9,857 59 1 12.136 -3.625
Citi 2 7.010 8,118 55 4 4.979 2.031
GoldmanSachs 3 5.350 6,196 34 5 3.183 2.167
UBS 4 4.732 5,480 29 7 3.024 1.708
CreditSuisse 5 4.714 5,459 44 6 3.157 1.557
JPMorgan 6 4.194 4,857 25 3 5.051 -0.857
DeutscheBank 7 4.004 4,637 29 2 6.014 -2.010
BankofAmericaMerrillLynch 8 3.812 4,414 28 10 2.326 1.486
HSBC 9 3.180 3,683 26 12 1.949 1.231
NHInvestment&SecuritiesCoLtd 10 3.006 3,482 16 17 1.476 1.530
KotakMahindraBankLtd 11 2.213 2,563 21 41 0.560 1.653
AxisBankLtd 12 1.819 2,107 26 44 0.464 1.355
CIMB 13 1.722 1,994 28 19 1.272 0.450
DBSGroup 14 1.664 1,927 25 15 1.511 0.153
CITICSecuritiesCoLtd 15 1.546 1,790 24 20 1.216 0.330
MiraeAssetDaewooCoLtd 16 1.511 1,750 18 28 0.923 0.588
ICICI 17 1.407 1,629 20 24 1.137 0.270
HaitongSecuritiesCoLtd 18 1.359 1,574 27 9 2.417 -1.058
Nomura 19 1.357 1,571 22 34 0.728 0.629
ChinaInternationalCapitalCorp 20 1.300 1,505 19 16 1.488 -0.188
TOTAL 100% 115,812 1,366 100%
Asiaex-JapanEquity&EquityLinkedFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 6.522 10,621 61 1 10.136 -3.614
CITICSecuritiesCoLtd 2 5.402 8,798 61 6 3.410 1.992
Citi 3 4.974 8,100 60 4 4.264 0.710
UBS 4 4.488 7,308 33 9 2.855 1.633
GoldmanSachs 5 4.277 6,965 35 8 2.892 1.385
ChinaInternationalCapitalCorp 6 3.722 6,061 39 5 3.580 0.142
CreditSuisse 7 3.593 5,851 45 10 2.585 1.008
DeutscheBank 8 3.221 5,246 38 2 4.983 -1.762
JPMorgan 9 3.096 5,042 27 3 4.305 -1.209
BankofAmericaMerrillLynch 10 2.554 4,160 27 13 1.894 0.660
ChinaSecuritiesCoLtd 11 2.400 3,909 35 7 3.168 -0.768
GuosenSecuritiesCoLtd 12 2.277 3,708 31 28 0.976 1.301
GFSecurities 13 2.249 3,663 43 17 1.626 0.623
NHInvestment&SecuritiesCoLtd 14 2.138 3,482 16 23 1.202 0.936
HSBC 15 1.902 3,098 21 20 1.326 0.576
HaitongSecuritiesCoLtd 16 1.793 2,920 52 15 1.807 -0.014
ChinaMerchantsSecurities 17 1.737 2,829 30 16 1.692 0.045
KotakMahindraBankLtd 18 1.574 2,563 21 46 0.456 1.118
GuotaiJunanSecuritiesCoLtd 19 1.465 2,386 29 11 2.451 -0.986
BankofChina 20 1.281 2,085 19 14 1.835 -0.554
TOTAL 100% 162,851 1,747 100%
Asiaex-JapanEquityLinkedFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecuritiesCoLtd 1 13.486 4,358 9 5 5.277 8.209
ChinaInternationalCapitalCorp 2 10.129 3,274 9 4 6.113 4.016
DeutscheBank 3 6.026 1,948 7 2 18.679 -12.653
UBS 4 5.241 1,694 3 6 5.211 0.030
GoldmanSachs 5 4.924 1,591 4 11 1.808 3.116
GuosenSecuritiesCoLtd 6 4.668 1,509 5 25 0.547 4.121
JPMorgan 7 4.601 1,487 3 3 9.707 -5.106
ChinaSecuritiesCoLtd 8 3.380 1,092 5 20 0.860 2.520
CreditSuisse 9 3.267 1,056 4 15 1.229 2.038
MorganStanley 10 2.837 917 2 1 20.133 -17.296
HuataiSecuritiesCoLtd 11 2.811 908 2 13 1.327 1.484
GFSecurities 12 2.658 859 4 - - 2.658
EverbrightSecuritiesCo 13 2.242 725 1 - - 2.242
EssenceSecuritiesCoLtd 14 2.233 722 3 - - 2.233
GuotaiJunanSecuritiesCoLtd 15 2.042 660 2 7 4.072 -2.030
ZheshangSecuritiesCoLtd 16 1.859 601 2 - - 1.859
KGISecuritiesCoLtd 17 1.842 595 8 17 1.184 0.658
Citi 18 1.644 531 4 14 1.313 0.331
DongxingSecuritiesCoLtd 19 1.595 516 1 - - 1.595
BankofChina 20 1.462 472 3 31 0.451 1.011
TOTAL 100% 32,317 156 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page16
Asiaex-JapanEquityLinkedex-ChinaExchangesFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
DeutscheBank 1 18.780 1,807 5 1 24.366 -5.586
JPMorgan 2 15.454 1,487 3 3 12.662 2.792
GoldmanSachs 3 6.458 621 2 10 1.570 4.888
KGISecuritiesCoLtd 4 6.187 595 8 11 1.544 4.643
CreditSuisse 5 5.613 540 2 16 0.815 4.798
Citi 6 5.524 531 4 13 1.327 4.197
HSBC 7 4.022 387 2 7 1.745 2.277
FubonSecuritiesCo 8 3.825 368 4 15 0.926 2.899
YuantaSecuritiesCoLtd 9 3.034 292 5 6 3.152 -0.118
DBSGroup 10 2.745 264 2 - - 2.745
BankofChina 11 2.359 227 2 23 0.588 1.771
Barclays 12 2.116 204 2 - - 2.116
MorganStanley 13 1.997 192 1 2 24.359 -22.362
MotilalOswalInvestmentAdvisors 13 1.997 192 1 - - 1.997
KotakMahindraBankLtd 13 1.997 192 1 - - 1.997
SinoPacFinancialHoldingsCoLtd 16 1.855 178 4 31 0.268 1.587
CIMB 17 1.760 169 2 9 1.598 0.162
BankofAmericaMerrillLynch 18 1.732 167 1 12 1.465 0.267
UBS 18 1.732 167 1 5 4.500 -2.768
ChinaInternationalCapitalCorp 20 1.346 130 1 4 5.643 -4.297
TOTAL 100% 9,621 106 100%
Asiaex-JapanEquityOfferingsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
ChinaInternationalCapitalCorp 1 7.476 18,122 47 10 3.482 3.994
CITICSecuritiesCoLtd 2 5.953 14,431 82 1 6.560 -0.607
ChinaSecuritiesCoLtd 3 5.183 12,565 57 3 4.347 0.836
GuotaiJunanSecuritiesCoLtd 4 4.549 11,028 56 6 3.842 0.707
MorganStanley 5 4.202 10,186 63 5 3.849 0.353
Citi 6 3.989 9,670 67 11 2.674 1.315
HaitongSecuritiesCoLtd 7 3.179 7,705 72 7 3.817 -0.638
GoldmanSachs 8 3.039 7,366 37 12 2.386 0.653
UBS 9 3.036 7,359 35 23 1.342 1.694
HuataiSecuritiesCoLtd 10 2.619 6,350 43 8 3.626 -1.007
CreditSuisse 11 2.412 5,848 46 20 1.371 1.041
GuosenSecuritiesCoLtd 12 2.288 5,546 43 4 4.228 -1.940
DeutscheBank 13 2.170 5,261 41 9 3.567 -1.397
IndustrialSecuritiesCoLtd 14 1.958 4,746 32 21 1.365 0.593
GFSecurities 15 1.935 4,691 59 2 4.405 -2.470
ChinaMerchantsSecurities 16 1.918 4,648 41 14 2.220 -0.302
BankofAmericaMerrillLynch 17 1.752 4,248 27 33 0.733 1.019
JPMorgan 18 1.508 3,655 25 18 1.405 0.103
SinolinkSecuritiesCoLtd 19 1.485 3,599 40 15 2.169 -0.684
BankofChina 20 1.437 3,483 23 25 1.017 0.420
TOTAL 100% 242,414 2,012 100%
Asiaex-JapanEquityIPOFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Citi 1 4.475 3,655 29 4 3.507 0.968
CITICSecuritiesCoLtd 2 4.427 3,615 43 3 4.073 0.354
ChinaSecuritiesCoLtd 3 3.450 2,817 30 1 4.783 -1.333
GFSecurities 4 3.434 2,804 39 15 2.018 1.416
ChinaInternationalCapitalCorp 5 3.291 2,688 29 2 4.376 -1.085
CreditSuisse 6 3.283 2,681 22 13 2.460 0.823
HaitongSecuritiesCoLtd 7 3.248 2,652 46 12 2.536 0.712
ChinaMerchantsSecurities 8 2.835 2,315 26 7 2.906 -0.071
UBS 9 2.830 2,311 14 24 1.410 1.420
MorganStanley 10 2.734 2,232 18 11 2.549 0.185
GuosenSecuritiesCoLtd 11 2.693 2,199 26 21 1.542 1.151
SinolinkSecuritiesCoLtd 12 2.185 1,784 25 31 1.001 1.184
GuotaiJunanSecuritiesCoLtd 13 2.085 1,702 25 9 2.741 -0.656
JPMorgan 14 2.051 1,675 12 8 2.846 -0.795
BankofChina 15 1.969 1,608 15 5 3.076 -1.107
DeutscheBank 16 1.956 1,598 17 20 1.629 0.327
MiraeAssetDaewooCoLtd 17 1.865 1,523 14 74 0.269 1.596
AxisBankLtd 18 1.664 1,359 17 46 0.499 1.165
EssenceSecuritiesCoLtd 19 1.611 1,316 16 10 2.690 -1.079
HSBC 20 1.547 1,264 8 22 1.512 0.035
TOTAL 100% 81,660 988 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page17
APACEquity,EquityLinked&RightsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 7.865 19,088 101 1 9.661 -1.796
GoldmanSachs 2 7.059 17,133 53 8 3.002 4.057
UBS 3 5.627 13,656 78 4 4.113 1.514
Nomura 4 4.828 11,717 103 2 4.950 -0.122
Citi 5 3.911 9,493 73 6 3.993 -0.082
CITICSecuritiesCoLtd 6 3.710 9,005 63 9 2.720 0.990
JPMorgan 7 3.406 8,266 44 3 4.496 -1.090
CreditSuisse 8 2.826 6,859 60 7 3.074 -0.248
BankofAmericaMerrillLynch 9 2.791 6,775 41 14 1.989 0.802
DaiwaSecurities 10 2.781 6,750 52 23 1.244 1.537
ChinaInternationalCapitalCorp 11 2.644 6,417 40 11 2.391 0.253
MizuhoFinancial 12 2.638 6,403 55 12 2.254 0.384
DeutscheBank 13 2.416 5,864 48 5 4.057 -1.641
SumitomoMitsuiFinancial 14 2.280 5,534 64 10 2.444 -0.164
GFSecurities 15 1.719 4,171 45 25 1.086 0.633
ChinaSecuritiesCoLtd 16 1.611 3,909 35 13 2.116 -0.505
GuosenSecuritiesCoLtd 17 1.528 3,708 31 36 0.652 0.876
HSBC 18 1.517 3,683 26 26 1.060 0.457
Macquarie 19 1.515 3,677 23 15 1.884 -0.369
NHInvestment&SecuritiesCoLtd 20 1.434 3,482 16 31 0.803 0.631
TOTAL 100% 242,702 2,586 100%
APACEquity&EquityLinkedFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 8.135 18,244 99 1 10.656 -2.521
GoldmanSachs 2 7.462 16,736 49 7 3.280 4.182
Nomura 3 5.215 11,696 102 2 5.542 -0.327
UBS 4 4.939 11,078 62 6 3.917 1.022
CITICSecuritiesCoLtd 5 3.981 8,929 62 10 2.550 1.431
Citi 6 3.770 8,456 67 5 4.065 -0.295
JPMorgan 7 3.256 7,303 40 3 4.621 -1.365
DaiwaSecurities 8 3.010 6,750 52 17 1.393 1.617
BankofAmericaMerrillLynch 9 2.907 6,521 40 14 2.227 0.680
MizuhoFinancial 10 2.855 6,403 55 11 2.523 0.332
CreditSuisse 11 2.775 6,224 52 12 2.505 0.270
ChinaInternationalCapitalCorp 12 2.703 6,061 39 9 2.677 0.026
DeutscheBank 13 2.534 5,684 46 4 4.454 -1.920
SumitomoMitsuiFinancial 14 2.467 5,534 64 8 2.736 -0.269
ChinaSecuritiesCoLtd 15 1.743 3,909 35 13 2.369 -0.626
GuosenSecuritiesCoLtd 16 1.653 3,708 31 33 0.730 0.923
GFSecurities 17 1.633 3,663 43 22 1.216 0.417
NHInvestment&SecuritiesCoLtd 18 1.552 3,482 16 28 0.899 0.653
HSBC 19 1.381 3,098 21 25 0.992 0.389
HaitongSecuritiesCoLtd 20 1.302 2,920 52 20 1.351 -0.049
TOTAL 100% 224,276 2,413 100%
APACEquityOfferingsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 9.076 16,891 95 1 9.275 -0.199
GoldmanSachs 2 7.903 14,708 43 6 3.618 4.285
UBS 3 5.042 9,384 59 5 3.839 1.203
Nomura 4 4.483 8,343 91 2 4.428 0.055
Citi 5 4.258 7,925 63 3 4.400 -0.142
BankofAmericaMerrillLynch 6 3.414 6,354 39 10 2.473 0.941
DaiwaSecurities 7 3.285 6,113 48 16 1.567 1.718
MizuhoFinancial 8 2.969 5,527 52 11 2.465 0.504
JPMorgan 9 2.891 5,380 35 4 3.967 -1.076
SumitomoMitsuiFinancial 10 2.841 5,288 62 7 3.023 -0.182
CreditSuisse 11 2.777 5,168 48 8 2.787 -0.010
CITICSecuritiesCoLtd 12 2.456 4,571 53 14 2.202 0.254
DeutscheBank 13 2.007 3,736 39 12 2.354 -0.347
NHInvestment&SecuritiesCoLtd 14 1.871 3,482 16 27 1.070 0.801
HaitongSecuritiesCoLtd 15 1.569 2,920 52 22 1.437 0.132
ChinaSecuritiesCoLtd 16 1.514 2,817 30 9 2.683 -1.169
GFSecurities 17 1.507 2,804 39 21 1.447 0.060
ChinaInternationalCapitalCorp 18 1.498 2,788 30 13 2.221 -0.723
HSBC 19 1.456 2,711 19 28 0.969 0.487
KotakMahindraBankLtd 20 1.274 2,371 20 48 0.405 0.869
TOTAL 100% 186,110 2,239 100%
APACEquityLinkedFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecuritiesCoLtd 1 11.420 4,358 9 6 4.381 7.039
Nomura 2 8.787 3,354 11 3 11.404 -2.617
ChinaInternationalCapitalCorp 3 8.577 3,274 9 5 5.075 3.502
GoldmanSachs 4 5.312 2,028 6 13 1.501 3.811
DeutscheBank 5 5.103 1,948 7 2 15.508 -10.405
JPMorgan 6 5.039 1,923 5 4 8.059 -3.020
UBS 7 4.438 1,694 3 7 4.326 0.112
GuosenSecuritiesCoLtd 8 3.953 1,509 5 28 0.454 3.499
MorganStanley 9 3.545 1,353 4 1 17.927 -14.382
ChinaSecuritiesCoLtd 10 2.862 1,092 5 23 0.714 2.148
CreditSuisse 11 2.767 1,056 4 17 1.021 1.746
HuataiSecuritiesCoLtd 12 2.380 908 2 16 1.102 1.278
MizuhoFinancial 13 2.296 876 3 9 2.824 -0.528
GFSecurities 14 2.251 859 4 - - 2.251
EverbrightSecuritiesCo 15 1.899 725 1 - - 1.899
EssenceSecuritiesCoLtd 16 1.891 722 3 - - 1.891
GuotaiJunanSecuritiesCoLtd 17 1.729 660 2 8 3.381 -1.652
DaiwaSecurities 18 1.669 637 4 27 0.479 1.190
ZheshangSecuritiesCoLtd 19 1.574 601 2 - - 1.574
KGISecuritiesCoLtd 20 1.560 595 8 19 0.983 0.577
TOTAL 100% 38,165 174 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page18
APACex-JapanEquity,EquityLinked&RightsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 6.861 13,290 68 1 8.665 -1.804
UBS 2 6.582 12,748 70 3 4.674 1.908
Citi 3 4.833 9,362 70 4 4.395 0.438
CITICSecuritiesCoLtd 4 4.649 9,005 63 7 3.199 1.450
GoldmanSachs 5 4.123 7,986 43 8 2.854 1.269
CreditSuisse 6 3.523 6,823 59 6 3.615 -0.092
JPMorgan 7 3.358 6,505 38 5 4.336 -0.978
ChinaInternationalCapitalCorp 8 3.313 6,417 40 9 2.812 0.501
DeutscheBank 9 2.894 5,605 46 2 4.771 -1.877
BankofAmericaMerrillLynch 10 2.322 4,498 30 15 1.850 0.472
GFSecurities 11 2.154 4,171 45 21 1.277 0.877
ChinaSecuritiesCoLtd 12 2.018 3,909 35 10 2.489 -0.471
GuosenSecuritiesCoLtd 13 1.914 3,708 31 32 0.767 1.147
HSBC 14 1.901 3,683 26 22 1.247 0.654
Macquarie 15 1.886 3,653 22 11 2.215 -0.329
NHInvestment&SecuritiesCoLtd 16 1.797 3,482 16 27 0.944 0.853
HaitongSecuritiesCoLtd 17 1.742 3,373 55 14 1.851 -0.109
GuotaiJunanSecuritiesCoLtd 18 1.519 2,942 34 12 2.022 -0.503
ChinaMerchantsSecurities 19 1.460 2,829 30 20 1.330 0.130
KotakMahindraBankLtd 20 1.323 2,563 21 51 0.358 0.965
TOTAL 100% 193,690 2,345 100%
APACex-JapanEquity&EquityLinkedFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 7.101 12,446 66 1 9.718 -2.617
UBS 2 5.802 10,170 54 4 4.519 1.283
CITICSecuritiesCoLtd 3 5.095 8,929 62 8 3.064 2.031
Citi 4 4.750 8,325 64 3 4.539 0.211
GoldmanSachs 5 4.330 7,589 39 7 3.167 1.163
CreditSuisse 6 3.531 6,188 51 9 3.009 0.522
ChinaInternationalCapitalCorp 7 3.458 6,061 39 6 3.216 0.242
JPMorgan 8 3.162 5,542 34 5 4.462 -1.300
DeutscheBank 9 3.095 5,425 44 2 5.350 -2.255
BankofAmericaMerrillLynch 10 2.421 4,244 29 12 2.116 0.305
ChinaSecuritiesCoLtd 11 2.230 3,909 35 10 2.846 -0.616
GuosenSecuritiesCoLtd 12 2.116 3,708 31 29 0.877 1.239
GFSecurities 13 2.090 3,663 43 18 1.460 0.630
NHInvestment&SecuritiesCoLtd 14 1.986 3,482 16 24 1.080 0.906
HSBC 15 1.767 3,098 21 21 1.192 0.575
HaitongSecuritiesCoLtd 16 1.666 2,920 52 16 1.623 0.043
ChinaMerchantsSecurities 17 1.614 2,829 30 17 1.520 0.094
KotakMahindraBankLtd 18 1.462 2,563 21 47 0.409 1.053
GuotaiJunanSecuritiesCoLtd 19 1.361 2,386 29 11 2.201 -0.840
BankofChina 20 1.190 2,085 19 14 1.648 -0.458
TOTAL 100% 175,263 2,172 100%
APACex-JapanEquityOfferingsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 8.036 11,529 64 1 7.730 0.306
UBS 2 5.908 8,476 51 3 4.379 1.529
Citi 3 5.432 7,794 60 2 5.139 0.293
GoldmanSachs 4 4.180 5,997 35 5 3.417 0.763
CreditSuisse 5 3.577 5,132 47 6 3.339 0.238
CITICSecuritiesCoLtd 6 3.186 4,571 53 10 2.639 0.547
BankofAmericaMerrillLynch 7 2.842 4,077 28 11 2.299 0.543
JPMorgan 8 2.826 4,055 31 4 3.462 -0.636
NHInvestment&SecuritiesCoLtd 9 2.427 3,482 16 23 1.282 1.145
DeutscheBank 10 2.424 3,477 37 8 2.820 -0.396
HaitongSecuritiesCoLtd 11 2.036 2,920 52 18 1.722 0.314
ChinaSecuritiesCoLtd 12 1.963 2,817 30 7 3.215 -1.252
GFSecurities 13 1.955 2,804 39 17 1.733 0.222
ChinaInternationalCapitalCorp 14 1.943 2,788 30 9 2.661 -0.718
HSBC 15 1.889 2,711 19 24 1.162 0.727
KotakMahindraBankLtd 16 1.652 2,371 20 45 0.486 1.166
ChinaMerchantsSecurities 17 1.650 2,367 27 16 1.805 -0.155
GuosenSecuritiesCoLtd 18 1.533 2,199 26 28 0.938 0.595
AxisBankLtd 19 1.409 2,022 24 50 0.403 1.006
Macquarie 20 1.355 1,943 16 12 1.949 -0.594
TOTAL 100% 143,468 2,016 100%
APACex-JapanEquityIPOFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecuritiesCoLtd 1 4.454 3,746 44 3 3.830 0.624
Citi 2 4.345 3,655 29 4 3.562 0.783
CreditSuisse 3 3.394 2,854 24 8 2.740 0.654
ChinaSecuritiesCoLtd 4 3.349 2,817 30 1 4.497 -1.148
GFSecurities 5 3.334 2,804 39 18 1.898 1.436
ChinaInternationalCapitalCorp 6 3.196 2,688 29 2 4.115 -0.919
HaitongSecuritiesCoLtd 7 3.153 2,652 46 14 2.385 0.768
UBS 8 3.085 2,595 17 17 2.010 1.075
ChinaMerchantsSecurities 9 2.753 2,315 26 9 2.733 0.020
MorganStanley 10 2.745 2,309 19 11 2.593 0.152
GuosenSecuritiesCoLtd 11 2.615 2,199 26 23 1.450 1.165
SinolinkSecuritiesCoLtd 12 2.122 1,784 25 31 0.941 1.181
GuotaiJunanSecuritiesCoLtd 13 2.024 1,702 25 12 2.578 -0.554
JPMorgan 14 1.992 1,675 12 5 3.296 -1.304
DeutscheBank 15 1.954 1,644 18 15 2.163 -0.209
BankofChina 16 1.912 1,608 15 6 2.893 -0.981
MiraeAssetDaewooCoLtd 17 1.810 1,523 14 76 0.253 1.557
AxisBankLtd 18 1.616 1,359 17 47 0.469 1.147
EssenceSecuritiesCoLtd 19 1.564 1,316 16 13 2.529 -0.965
HSBC 20 1.502 1,264 8 24 1.422 0.080
TOTAL 100% 84,106 1,069 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page19
APACex-JapanEquityLinkedFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecuritiesCoLtd 1 13.486 4,358 9 5 5.277 8.209
ChinaInternationalCapitalCorp 2 10.129 3,274 9 4 6.113 4.016
DeutscheBank 3 6.026 1,948 7 2 18.679 -12.653
UBS 4 5.241 1,694 3 6 5.211 0.030
GoldmanSachs 5 4.924 1,591 4 11 1.808 3.116
GuosenSecuritiesCoLtd 6 4.668 1,509 5 25 0.547 4.121
JPMorgan 7 4.601 1,487 3 3 9.707 -5.106
ChinaSecuritiesCoLtd 8 3.380 1,092 5 20 0.860 2.520
CreditSuisse 9 3.267 1,056 4 15 1.229 2.038
MorganStanley 10 2.837 917 2 1 20.133 -17.296
HuataiSecuritiesCoLtd 11 2.811 908 2 13 1.327 1.484
GFSecurities 12 2.658 859 4 - - 2.658
EverbrightSecuritiesCo 13 2.242 725 1 - - 2.242
EssenceSecuritiesCoLtd 14 2.233 722 3 - - 2.233
GuotaiJunanSecuritiesCoLtd 15 2.042 660 2 7 4.072 -2.030
ZheshangSecuritiesCoLtd 16 1.859 601 2 - - 1.859
KGISecuritiesCoLtd 17 1.842 595 8 17 1.184 0.658
Citi 18 1.644 531 4 14 1.313 0.331
DongxingSecuritiesCoLtd 19 1.595 516 1 - - 1.595
BankofChina 20 1.462 472 3 31 0.451 1.011
TOTAL 100% 32,317 156 100%
APACex-JapanEquity,EQL&Rightsex-CHAShrsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 9.162 12,525 66 1 10.987 -1.825
UBS 2 7.841 10,719 65 3 5.647 2.194
Citi 3 6.348 8,679 60 5 5.387 0.961
GoldmanSachs 4 5.132 7,016 41 7 3.311 1.821
JPMorgan 5 4.550 6,220 35 4 5.470 -0.920
CreditSuisse 6 4.501 6,153 56 6 4.438 0.063
DeutscheBank 7 3.522 4,816 35 2 6.026 -2.504
BankofAmericaMerrillLynch 8 3.290 4,498 30 9 2.418 0.872
HSBC 9 2.694 3,683 26 13 1.629 1.065
Macquarie 10 2.672 3,653 22 8 2.896 -0.224
NHInvestment&SecuritiesCoLtd 11 2.547 3,482 16 18 1.234 1.313
KotakMahindraBankLtd 12 1.875 2,563 21 42 0.468 1.407
AxisBankLtd 13 1.541 2,107 26 45 0.388 1.153
DBSGroup 14 1.505 2,058 26 16 1.263 0.242
CIMB 15 1.459 1,994 28 20 1.063 0.396
CITICSecuritiesCoLtd 16 1.405 1,921 25 21 1.017 0.388
ChinaInternationalCapitalCorp 17 1.361 1,861 20 17 1.244 0.117
MiraeAssetDaewooCoLtd 18 1.280 1,750 18 29 0.771 0.509
ICICI 19 1.192 1,629 20 25 0.950 0.242
HaitongSecuritiesCoLtd 20 1.151 1,574 27 11 2.021 -0.870
TOTAL 100% 136,709 1,872 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page20
Australia/NewZealandEquity,EQL&RightsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
UBS 1 22.633 5,325 37 1 18.762 3.871
Macquarie 2 14.191 3,339 19 2 14.378 -0.187
MorganStanley 3 11.407 2,684 8 7 5.310 6.097
JPMorgan 4 5.794 1,363 10 4 7.501 -1.707
BellPotterSecuritiesLimited 5 3.633 855 48 11 2.210 1.423
GoldmanSachs 6 3.485 820 7 9 3.909 -0.424
CreditSuisse 7 2.952 695 12 3 10.820 -7.868
CommonwealthBankAustralia 8 2.804 660 7 - - 2.804
CanaccordGenuity 9 2.556 601 23 12 2.026 0.530
TaylorCollisonLtd 10 2.450 576 20 18 0.820 1.630
Citi 11 2.383 561 5 5 7.366 -4.983
OrdMinnettLtd 12 2.324 547 7 14 1.088 1.236
Morgans 13 1.881 443 16 8 3.912 -2.031
WilsonsCorporateFinanceLtd 14 1.645 387 14 - - 1.645
NationalAustraliaBankLtd 15 1.629 383 2 22 0.438 1.191
ChinaInternationalCapitalCorp 16 1.512 356 1 - - 1.512
Moelis&Co 17 1.451 341 14 15 0.973 0.478
RBS 18 1.428 336 25 - - 1.428
ForsythBarrLtd 19 1.336 314 6 19 0.749 0.587
EurozSecurities 20 1.228 289 14 13 1.092 0.136
TOTAL 100% 23,528 517 100%
Australia/NewZealandEquity&RightsOfferingsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
UBS 1 22.633 5,325 37 1 18.773 3.860
Macquarie 2 14.191 3,339 19 2 14.387 -0.196
MorganStanley 3 11.407 2,684 8 7 5.314 6.093
JPMorgan 4 5.794 1,363 10 4 7.506 -1.712
BellPotterSecuritiesLimited 5 3.633 855 48 11 2.211 1.422
GoldmanSachs 6 3.485 820 7 9 3.911 -0.426
CreditSuisse 7 2.952 695 12 3 10.826 -7.874
CommonwealthBankAustralia 8 2.804 660 7 - - 2.804
CanaccordGenuity 9 2.556 601 23 12 2.028 0.528
TaylorCollisonLtd 10 2.450 576 20 18 0.820 1.630
Citi 11 2.383 561 5 5 7.370 -4.987
OrdMinnettLtd 12 2.324 547 7 14 1.089 1.235
Morgans 13 1.881 443 16 8 3.914 -2.033
WilsonsCorporateFinanceLtd 14 1.645 387 14 - - 1.645
NationalAustraliaBankLtd 15 1.629 383 2 22 0.438 1.191
ChinaInternationalCapitalCorp 16 1.512 356 1 - - 1.512
Moelis&Co 17 1.451 341 14 15 0.973 0.478
RBS 18 1.428 336 25 - - 1.428
ForsythBarrLtd 19 1.336 314 6 - - 1.336
EurozSecurities 20 1.228 289 14 13 1.092 0.136
TOTAL 100% 23,528 517 100%
ChinaEquity,EquityLinked&RightsFY2017 FY2016
Firm Rank MktShare(%) Volume(CNYMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
ChinaInternationalCapitalCorp 1 12.550 133,269 37 7 4.734 7.816
CITICSecuritiesCoLtd 2 10.780 114,474 66 1 9.018 1.762
ChinaSecuritiesCoLtd 3 8.445 89,678 58 3 5.654 2.791
GuotaiJunanSecuritiesCoLtd 4 7.217 76,638 42 5 5.222 1.995
HuataiSecuritiesCoLtd 5 4.583 48,661 42 6 5.055 -0.472
GuosenSecuritiesCoLtd 6 4.401 46,733 47 2 5.888 -1.487
HaitongSecuritiesCoLtd 7 3.897 41,381 45 8 4.226 -0.329
GFSecurities 8 3.341 35,477 56 4 5.639 -2.298
IndustrialSecuritiesCoLtd 9 2.986 31,707 27 18 1.815 1.171
ChinaMerchantsSecurities 10 2.628 27,911 33 13 2.515 0.113
EssenceSecuritiesCoLtd 11 2.462 26,143 26 12 2.848 -0.386
SinolinkSecuritiesCoLtd 12 2.325 24,690 38 11 2.993 -0.668
UBS 13 2.283 24,240 9 30 0.943 1.340
ShenwanHongyuanGroupCoLtd 14 1.969 20,905 24 14 2.385 -0.416
BankofChina 15 1.899 20,165 12 35 0.713 1.186
GoldmanSachs 16 1.773 18,830 7 16 1.934 -0.161
DeutscheBank 17 1.535 16,305 18 9 3.960 -2.425
Citi 18 1.332 14,146 16 20 1.413 -0.081
DongxingSecuritiesCoLtd 19 1.322 14,035 14 22 1.249 0.073
EverbrightSecuritiesCo 20 1.290 13,696 14 26 1.026 0.264
TOTAL 100% 1,061,869 796 100%
ChinaEquityIPOFY2017 FY2016
Firm Rank MktShare(%) Volume(CNYMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecuritiesCoLtd 1 8.234 17,812 28 5 7.240 0.994
GFSecurities 2 7.843 16,965 33 8 4.309 3.534
ChinaSecuritiesCoLtd 3 7.838 16,955 26 1 10.513 -2.675
GuosenSecuritiesCoLtd 4 6.528 14,120 25 9 4.070 2.458
HaitongSecuritiesCoLtd 5 5.645 12,210 28 21 1.162 4.483
SinolinkSecuritiesCoLtd 6 5.431 11,748 22 12 2.769 2.662
GuotaiJunanSecuritiesCoLtd 7 4.745 10,264 15 7 4.704 0.041
ChinaInternationalCapitalCorp 8 4.425 9,571 12 3 7.553 -3.128
ChinaMerchantsSecurities 9 4.310 9,323 16 10 3.645 0.665
EssenceSecuritiesCoLtd 10 4.123 8,918 16 4 7.281 -3.158
HuataiSecuritiesCoLtd 11 3.296 7,129 17 2 7.619 -4.323
BankofChina 12 2.608 5,641 4 11 2.860 -0.252
ShenwanHongyuanGroupCoLtd 13 2.553 5,522 13 6 5.544 -2.991
IndustrialSecuritiesCoLtd 14 2.363 5,110 13 17 1.561 0.802
MinshengSecuritiesCoLtd 15 2.124 4,595 15 22 1.148 0.976
ZhongtaiSecuritiesCoLtd 16 1.917 4,146 9 14 1.866 0.051
SoochowSecuritiesLtd 17 1.911 4,134 10 35 0.481 1.430
Citi 18 1.845 3,991 9 19 1.429 0.416
DongxingSecuritiesCoLtd 19 1.551 3,356 3 33 0.632 0.919
UBS 20 1.533 3,317 3 32 0.652 0.881
TOTAL 100% 216,310 409 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page21
HongKongEquity&RightsOfferingsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 15.347 5,436 30 1 11.139 4.208
GoldmanSachs 2 8.898 3,151 15 4 5.329 3.569
BankofAmericaMerrillLynch 3 5.472 1,938 12 8 3.203 2.269
HaitongSecuritiesCoLtd 4 3.940 1,395 24 2 5.850 -1.910
UBS 5 3.530 1,250 12 17 1.984 1.546
Citi 6 3.502 1,241 10 22 1.614 1.888
HSBC 7 3.447 1,221 10 19 1.727 1.720
CreditSuisse 8 3.317 1,175 9 25 1.366 1.951
ChinaMerchantsBank 9 3.312 1,173 16 3 5.478 -2.166
ChinaConstructionBank 10 3.167 1,122 17 5 3.897 -0.730
ChinaInternationalCapitalCorp 11 3.004 1,064 16 18 1.975 1.029
ChinaMerchantsSecurities 12 2.794 990 11 9 2.815 -0.021
CITICSecuritiesCoLtd 13 2.755 976 12 12 2.384 0.371
JPMorgan 14 2.745 972 7 20 1.646 1.099
KingstonFinancialGroupLtd 15 2.651 939 40 13 2.326 0.325
AgriculturalBankofChinaLtd 16 2.251 797 10 7 3.279 -1.028
BankofChina 17 2.074 734 11 6 3.341 -1.267
Industrial&CommBankofChina 18 1.583 561 9 16 2.054 -0.471
BNPParibas 19 0.991 351 10 26 1.170 -0.179
GuotaiJunanSecuritiesCoLtd 20 0.927 328 16 11 2.397 -1.470
TOTAL 100% 35,418 436 100%
HongKongEquityOfferingsFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 16.424 5,436 30 1 12.080 4.344
GoldmanSachs 2 9.522 3,151 15 2 5.779 3.743
BankofAmericaMerrillLynch 3 5.088 1,684 11 8 3.473 1.615
UBS 4 3.777 1,250 12 16 2.151 1.626
Citi 5 3.748 1,241 10 20 1.750 1.998
HSBC 6 3.689 1,221 10 22 1.614 2.075
CreditSuisse 7 3.550 1,175 9 25 1.481 2.069
ChinaMerchantsBank 8 3.544 1,173 16 3 4.554 -1.010
ChinaInternationalCapitalCorp 9 3.215 1,064 16 17 2.142 1.073
ChinaMerchantsSecurities 10 2.991 990 11 9 3.053 -0.062
CITICSecuritiesCoLtd 11 2.949 976 12 11 2.585 0.364
JPMorgan 12 2.938 972 7 18 1.785 1.153
HaitongSecuritiesCoLtd 13 2.848 943 21 4 4.535 -1.687
ChinaConstructionBank 14 2.792 924 16 5 4.226 -1.434
AgriculturalBankofChinaLtd 15 2.409 797 10 7 3.556 -1.147
BankofChina 16 2.219 734 11 6 3.623 -1.404
KingstonFinancialGroupLtd 17 1.952 646 34 21 1.726 0.226
Industrial&CommBankofChina 18 1.694 561 9 15 2.228 -0.534
EverbrightSecuritiesCo 19 0.988 327 10 26 1.232 -0.244
BankofCommunications 20 0.974 322 5 14 2.309 -1.335
TOTAL 100% 33,096 386 100%
IndiaEquity&RightsOfferingFY2017 FY2016
Firm Rank MktShare(%) Volume(INRMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Citi 1 11.630 220,457 22 1 19.172 -7.542
KotakMahindraBankLtd 2 8.080 153,158 20 4 5.793 2.287
AxisBankLtd 3 7.191 136,314 26 7 4.783 2.408
UBS 4 7.044 133,524 5 13 2.999 4.045
ICICI 5 5.605 106,256 20 2 11.830 -6.225
MorganStanley 6 5.453 103,373 10 5 5.669 -0.216
DeutscheBank 7 4.970 94,206 10 8 4.748 0.222
JMFinancialLtd 8 4.755 90,143 15 9 4.022 0.733
IIFLHoldingsLtd 9 4.744 89,933 15 12 3.087 1.657
BankofAmericaMerrillLynch 10 4.218 79,955 6 15 2.310 1.908
EdelweissFinancialServicesLtd 11 3.587 67,999 20 3 7.729 -4.142
YesBank 12 2.935 55,627 10 20 1.089 1.846
StateBankofIndia 13 2.782 52,744 20 6 5.379 -2.597
IDFCBankLtd 14 2.772 52,541 10 11 3.228 -0.456
JPMorgan 15 2.760 52,327 4 14 2.689 0.071
CreditSuisse 16 2.435 46,149 9 22 0.531 1.904
Nomura 17 2.377 45,060 10 19 1.183 1.194
MotilalOswalInvestmentAdvisors 18 2.264 42,916 13 16 1.940 0.324
GoldmanSachs 19 1.889 35,807 4 33 0.175 1.714
CITICSecuritiesCoLtd 20 1.766 33,474 5 17 1.428 0.338
TOTAL 100% 1,895,597 251 100%
IndonesiaEquity&RightsOfferingFY2017 FY2016
Firm Rank MktShare(%) Volume(IDRMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MandiriSekuritasPT 1 15.169 3,239,264 7 1 22.460 -7.291
CreditSuisse 2 9.773 2,087,069 2 2 20.132 -10.359
BahanaSecurities 3 8.132 1,736,471 8 3 10.378 -2.246
TrimegahSecurities 4 7.461 1,593,185 5 20 0.485 6.976
DanareksaSekuritasPT 5 5.991 1,279,271 4 5 7.683 -1.692
DBSGroup 6 5.565 1,188,333 2 14 0.993 4.572
CITICSecuritiesCoLtd 7 5.522 1,179,223 2 18 0.579 4.943
MorganStanley 8 5.057 1,080,000 1 12 1.913 3.144
UBS 8 5.057 1,080,000 1 4 8.364 -3.307
BNPParibas 10 4.716 1,007,069 1 - - 4.716
DeutscheBank 10 4.716 1,007,069 1 10 2.959 1.757
CIMB 12 3.271 698,415 4 13 1.182 2.089
YuantaFinancialHoldingCoLtd 13 3.164 675,600 2 - - 3.164
SinarmasSecuritiesPT 14 3.000 640,625 3 9 3.163 -0.163
BuanaCapitalPT 15 1.817 388,075 2 - - 1.817
BankNegaraIndonesia(Persero)TbkPT 16 1.322 282,335 1 8 3.801 -2.479
RHB 17 1.271 271,333 2 14 0.993 0.278
BCASekuritasPT 18 1.143 244,143 2 - - 1.143
LautandhanaSecurindoPT 19 1.005 214,670 4 21 0.196 0.809
IndoPremierSecurities 20 0.981 209,449 2 6 4.898 -3.917
TOTAL 100% 21,354,575 38 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page22
MalaysiaEquity&RightsOfferingFY2017 FY2016
Firm Rank MktShare(%) Volume(MYRMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CIMB 1 33.317 6,299 15 2 19.723 13.594
CreditSuisse 2 14.939 2,824 5 15 0.499 14.440
RHB 3 9.353 1,768 23 3 11.799 -2.446
Maybank 4 9.322 1,762 7 1 31.761 -22.439
JPMorgan 5 4.834 914 2 - - 4.834
MorganStanley 6 4.509 853 1 5 5.764 -1.255
Nomura 7 3.911 739 3 - - 3.911
HongLeongInvestmentBankBhd 8 3.716 703 10 11 1.856 1.860
UOBKayHianPvtLtd 9 3.617 684 3 - - 3.617
HSBC 10 3.323 628 1 - - 3.323
KenangaInvestmentBankBhd 11 3.074 581 13 14 0.828 2.246
AffinHwangCapital 12 2.138 404 4 6 4.626 -2.488
M&ASecuritiesSdnBhd 13 1.373 260 26 9 2.161 -0.788
TASecuritiesHoldingsBhd 14 0.693 131 28 12 1.154 -0.461
Inter-PacificSecurities 15 0.565 107 2 21 0.077 0.488
MercurySecuritiesSdnBhd 16 0.558 105 12 16 0.446 0.112
AmInvestmentBankBhd 17 0.398 75 4 7 4.593 -4.195
KAFInvestmentBankBhd 18 0.148 28 12 13 0.833 -0.685
MIDFAmanahInvestmentBankBhd 19 0.094 18 4 10 1.918 -1.824
PublicBankBerhad 20 0.090 17 1 17 0.276 -0.186
TOTAL 100% 18,906 153 100%
SingaporeEquity&RightsOfferingFY2017 FY2016
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
DBSGroup 1 29.928 1,749 21 1 26.752 3.176
HSBC 2 11.696 683 6 3 8.793 2.903
Citi 3 8.249 482 4 2 9.118 -0.869
UBS 4 7.701 450 3 15 1.686 6.015
BankofAmericaMerrillLynch 5 6.029 352 3 - - 6.029
Oversea-ChineseBankingCorp 6 4.271 250 3 9 3.500 0.771
UnitedOverseasBank 7 4.258 249 3 8 4.583 -0.325
MorganStanley 8 3.625 212 1 5 7.589 -3.964
CITICSecuritiesCoLtd 9 3.370 197 3 - - 3.370
BNPParibas 10 2.698 158 1 17 1.507 1.191
CreditSuisse 11 2.458 144 2 7 4.597 -2.139
DeutscheBank 12 2.321 136 2 10 3.090 -0.769
DaiwaSecurities 13 2.244 131 1 - - 2.244
GoldmanSachs 13 2.244 131 1 6 6.578 -4.334
UOBKayHianPvtLtd 15 1.722 101 7 19 0.895 0.827
Maybank 16 1.498 88 4 11 2.529 -1.031
FubonSecuritiesCo 17 1.111 65 1 - - 1.111
CIMB 18 0.588 34 3 18 0.934 -0.346
BankofChina 19 0.581 34 1 16 1.633 -1.052
HaitongSecuritiesCoLtd 19 0.581 34 1 24 0.102 0.479
TOTAL 100% 5,842 49 100%
TaiwanEquity&EquityLinkedFY2017 FY2016
Firm Rank MktShare(%) Volume(TWDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
KGISecuritiesCoLtd 1 24.774 20,145 26 2 19.181 5.593
YuantaSecuritiesCoLtd 2 17.312 14,077 11 1 20.351 -3.039
FubonSecuritiesCo 3 16.605 13,502 16 4 6.850 9.755
SinoPacFinancialHoldingsCoLtd 4 8.843 7,190 11 9 3.354 5.489
TaishinFinancialHoldingCoLtd 5 6.162 5,010 19 6 5.023 1.139
MasterlinkSecurities 6 5.636 4,583 6 11 2.954 2.682
GoldmanSachs 7 4.154 3,377 2 16 1.959 2.195
MorganStanley 8 2.977 2,421 1 - - 2.977
GrandFortuneSecuritiesCo 9 2.868 2,332 9 15 2.063 0.805
CathaySecuritiesCoLtd 10 1.540 1,253 6 10 3.157 -1.617
PresidentSecurities 11 1.305 1,061 5 21 0.846 0.459
TaiwanCooperativeSecuritiesCoLtd 12 1.221 993 6 24 0.040 1.181
CTBCFinancialHoldingCoLtd 13 1.154 938 2 3 7.589 -6.435
LandBankofTaiwan 14 0.861 700 1 17 1.888 -1.027
WaterlandSecuritiesCoLtd 14 0.861 700 3 22 0.263 0.598
CapitalSecuritiesCorp 16 0.799 650 4 14 2.340 -1.541
MegaSecuritiesCoLtd 17 0.615 500 1 18 1.876 -1.261
FirstSecuritiesInc 18 0.511 416 4 20 0.881 -0.370
ConcordSecurities 19 0.504 410 2 12 2.827 -2.323
HorizonSecuritiesCoLtd 20 0.439 357 3 13 2.691 -2.252
TOTAL 100% 81,313 145 100%
ThailandEquity&RightsOfferingFY2017 FY2016
Firm Rank MktShare(%) Volume(THBMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
SiamCommercialBankPCL 1 24.949 46,200 11 1 61.343 -36.394
BangkokBankPCL 2 20.160 37,332 8 3 7.295 12.865
KasikornbankPCL 3 8.577 15,883 5 2 10.539 -1.962
Maybank 4 5.523 10,227 6 17 0.518 5.005
PhatraSecuritiesPCL 5 5.103 9,450 5 6 2.224 2.879
CIMB 6 4.815 8,917 3 4 2.915 1.900
UBS 7 4.785 8,861 2 - - 4.785
CreditSuisse 8 4.336 8,029 3 7 1.529 2.807
BankofAmericaMerrillLynch 9 3.548 6,571 2 - - 3.548
TiscoBankPCL 10 3.150 5,833 1 10 1.325 1.825
ThanachartCapitalPCL 11 2.899 5,368 4 7 1.529 1.370
CITICSecuritiesCoLtd 12 2.276 4,214 2 15 0.722 1.554
FinansiaSyrusSecuritiesPCL 13 1.373 2,543 4 5 2.675 -1.302
KrungThaiBank 14 1.349 2,499 1 - - 1.349
DeutscheBank 15 1.239 2,294 1 15 0.722 0.517
TiscoSecuritiesCoLtd 16 1.137 2,106 2 12 1.122 0.015
KTZMICOSecuritiesCoLtd 17 1.054 1,952 4 21 0.141 0.913
PhillipSecuritiesPteLtd 18 0.863 1,598 3 18 0.357 0.506
FinansaSecuritiesLtd 19 0.858 1,589 1 10 1.325 -0.467
AyudhyaSecuritiesPCL 20 0.419 775 1 - - 0.419
TOTAL 100% 185,179 57 100%
Bloomberg GlobalEquity|FY2017
BloombergLeagueTableReports Page23
SouthKoreaEquityOfferingsFY2017 FY2016
Firm Rank MktShare(%) Volume(KRWMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
NHInvestment&SecuritiesCoLtd 1 23.775 3,922,396 16 1 12.772 11.003
MiraeAssetDaewooCoLtd 2 11.808 1,948,017 18 5 10.655 1.153
KoreaInvestment&SecuritiesCo 3 8.003 1,320,410 17 4 10.760 -2.757
MorganStanley 4 7.138 1,177,673 4 9 3.709 3.429
Citi 5 7.038 1,161,069 5 2 12.145 -5.107
JPMorgan 6 5.393 889,789 3 6 8.132 -2.739
GoldmanSachs 7 5.113 843,580 3 11 2.857 2.256
KBSecuritiesCoLtd 8 4.290 707,784 7 13 2.444 1.846
HSBC 9 4.014 662,292 4 16 1.244 2.770
SamsungSecuritiesCoLtd 10 3.533 582,884 6 7 5.110 -1.577
UBS 11 3.057 504,382 1 - - 3.057
BankofAmericaMerrillLynch 12 2.360 389,333 2 8 4.709 -2.349
CreditSuisse 13 2.241 369,769 2 3 11.494 -9.253
Nomura 14 2.130 351,389 3 25 0.123 2.007
DaishinSecurities 15 2.128 351,094 7 10 3.421 -1.293
Macquarie 16 1.495 246,626 1 19 0.773 0.722
BNPParibas 17 1.330 219,419 2 - - 1.330
DeutscheBank 18 1.328 219,061 1 - - 1.328
ShinhanFinancialGroupCoLtd 19 0.960 158,370 7 14 1.749 -0.789
KTBInvestment&SecuritiesCoLtd 20 0.598 98,609 4 - - 0.598
TOTAL 100% 16,498,087 122 100%
JapanEquityOfferings(FiscalYear)FY2017 FY2016
Firm Rank MktShare(%) Volume(JPYMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
GoldmanSachs 1 23.100 890,706 6 7 5.206 17.894
Nomura 2 16.539 637,727 50 1 23.316 -6.777
DaiwaSecurities 3 15.627 602,560 35 5 9.864 5.763
MorganStanley 4 12.735 491,049 21 3 15.465 -2.730
MizuhoFinancial 5 12.440 479,674 34 4 12.706 -0.266
SumitomoMitsuiFinancial 6 8.160 314,651 38 2 20.107 -11.947
BankofAmericaMerrillLynch 7 5.840 225,176 8 8 3.543 2.297
JPMorgan 8 3.822 147,382 4 6 7.507 -3.685
UBS 9 0.486 18,758 3 9 0.882 -0.396
SBIHoldingsInc/Japan 10 0.323 12,465 7 10 0.796 -0.473
Citi 11 0.310 11,949 2 11 0.407 -0.097
DeutscheBank 12 0.198 7,636 1 - - 0.198
IchiyoshiSecuritiesCoLtd 13 0.108 4,157 4 12 0.114 -0.006
CreditSuisse 14 0.104 4,000 1 - - 0.104
TokaiTokyoSecuritiesCoLtd 15 0.093 3,582 3 13 0.087 0.006
Macquarie 16 0.069 2,679 1 - - 0.069
OkasanSecuritiesGroupInc 17 0.043 1,639 4 - - 0.043
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 3,855,789 157 100%
JapanEquityIPO(FiscalYear)FY2017 FY2016
Firm Rank MktShare(%) Volume(JPYMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 22.380 99,898 5 2 20.421 1.959
DaiwaSecurities 2 20.878 93,197 12 6 6.989 13.889
Nomura 3 20.825 92,960 17 1 25.783 -4.958
SumitomoMitsuiFinancial 4 16.821 75,084 10 3 16.838 -0.017
MizuhoFinancial 5 13.516 60,334 13 5 8.519 4.997
UBS 6 1.751 7,817 1 - - 1.751
IchiyoshiSecuritiesCoLtd 7 0.931 4,157 4 - - 0.931
Citi 8 0.834 3,722 1 - - 0.834
SBIHoldingsInc/Japan 9 0.637 2,843 5 8 1.434 -0.797
Macquarie 10 0.600 2,679 1 - - 0.600
TokaiTokyoSecuritiesCoLtd 11 0.497 2,218 2 9 0.138 0.359
OkasanSecuritiesGroupInc 12 0.329 1,471 3 - - 0.329
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 446,380 63 100%
JapanEquity&EquityLinked(FiscalYear)FY2017 FY2016
Firm Rank MktShare(%) Volume(JPYMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Nomura 1 21.337 902,727 57 1 25.153 -3.816
GoldmanSachs 2 21.053 890,706 6 7 4.764 16.289
DaiwaSecurities 3 15.660 662,560 38 5 9.026 6.634
MizuhoFinancial 4 11.929 504,674 35 4 12.421 -0.492
MorganStanley 5 11.607 491,049 21 3 15.755 -4.148
SumitomoMitsuiFinancial 6 8.028 339,651 39 2 19.073 -11.045
BankofAmericaMerrillLynch 7 5.322 225,176 8 8 3.243 2.079
JPMorgan 8 3.484 147,382 4 6 6.869 -3.385
UBS 9 0.443 18,758 3 10 0.807 -0.364
SBIHoldingsInc/Japan 10 0.295 12,465 7 11 0.729 -0.434
Citi 11 0.282 11,949 2 9 1.976 -1.694
DeutscheBank 12 0.180 7,636 1 - - 0.180
IchiyoshiSecuritiesCoLtd 13 0.098 4,157 4 12 0.104 -0.006
CreditSuisse 14 0.095 4,000 1 - - 0.095
TokaiTokyoSecuritiesCoLtd 15 0.085 3,582 3 13 0.079 0.006
Macquarie 16 0.063 2,679 1 - - 0.063
OkasanSecuritiesGroupInc 17 0.039 1,639 4 - - 0.039
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 4,230,789 168 100%
Bloomberg Equity & Equity Linked - League Tables Criteria
Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.
General Guidelines Credit is based on the total amount of the offering sold to the public, including exercised over-allotment. Full credit is awarded to sole book-running manager or split equally among joint book-running managers.
Equities
Equity market transactions: initial public offerings, additional offerings of common stocks, units, and depositary receipts (ADRs, GDRs, etc) and rights offerings. Exclusions: Non-underwritten/best efforts, privately placed transactions, funds, self-led, preferred offerings, pre-negotiated offerings, certain lower hierarch titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional table.
Equities-Linked
Equity-linked transactions: convertible bonds, convertible preferred stock and exchangeable bonds. Only issues that mature and are callable/puttable in 12 months or longer are included. Make-whole calls, provisional calls, and provisional puts are exempt from this rule. Convertible bonds with attached warrants are included. These are defined as synthetic convertibles with the combination of a fixed income instrument and warrants which can be converted into shares. The embedded warrant can be detachable or non-detachable but the bond and the warrant must be sold as a unit, i.e. there cannot be separate book building for the warrant and the bond. Exclusions: Redemption-linked instruments, reverse convertibles or similar instruments, synthetics convertibles, issues convertible into participation in an underlying fund or investment trust, pre-IPO convertible instruments, pre-negotiated offerings, certain lower hierarch titles, i.e. Jr Bookrunner.
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