Morgan Stanley replaced Goldman Sachs last month to rank among the top three equity issuance underwriters in Asia excluding Japan, according to the data cited by BlockBeats. The move came as issuance activity in the market remained well above last year’s level.
Compiled data showed that total issuance in the market has risen 55% year to date from the same period a year earlier. In July alone, companies raised $162 billion through stock offerings, compared with $104.8 billion in the same month last year.
Morgan Stanley’s market share climbed to 6.07%, edging past Goldman Sachs at 5.62%. China International Capital Corporation held onto the top position in the underwriting league table with a 13.1% share. The largest equity deal completed in July was ChangXin Memory Technologies’ $9.84 billion fundraising.
Morgan Stanley replaced Goldman Sachs last month to become one of the top three underwriters for equity issuance in Asia excluding Japan, according to BlockBeats.
Compiled data showed that total issuance in the market is up 55% year to date from the same period last year. In July, companies raised $162 billion through stock offerings, versus $104.8 billion a year earlier.
Morgan Stanley’s market share rose to 6.07%, ahead of Goldman Sachs at 5.62%. China International Capital Corporation remained the leading underwriter with a 13.1% share.
ChangXin Memory Technologies completed a $9.84 billion fundraising in July, the largest single equity issuance deal of the month.
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