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GLOBAL EQUITYCAPITAL MARKETSLEAGUE TABLESFirst 3Q 2019 Preliminary
As of 23 September 2019
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
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.
LEAG<GO> for a full range of league tables
IPO<GO> for Bloomberg’s equity offerings product
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.
MANAGER RANKINGS
GLOBAL EQUITY, EQUITY LINKED & RIGHTS
Contact EmailPhone
First 3Q 2019 PRELIMINARY AS OF 23 SEPTEMBER 2019
North America
EMEA
Asia-Pacific
Dominique Lao
Dimitri Quemard
Zhen Hao Toh
+1 646 324 2849
+44 20 3525 4343
+65 6499 2931
© 2019 Bloomberg Finance L.P. All rights reserved.
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page1
GlobalEquityReview1st3Q2019creditedGlobalEquity,EquityLinked&Rightsvolumedecreased22.73%toUSD452.0Blnwhiledealcountdecreased20.74%to2,973offeringsyear-on-year.GlobalEquityIPOvolumedecreased26.62%year-on-yeartoUSD116.3Blnwhilethedealcountdecreased26.89%to813.GlobalEquityLinkedvolumeincreased9.57%year-on-yeartoUSD92.0Blnover312deals.MorganStanleyrankedasthetopGlobalEquity,EquityLinked&Rightsunderwriterfor1st3Q2019with9.77%marketshare.Thebankunderwrote273dealsovertheperiod.GoldmanSachsandJPMorganrankedsecondandthirdwith9.53%and8.18%marketshare,respectively.
GlobalEquity,EquityLinked&Rights:Highlightsof1st3Q2019
GlobalEquity,EquityLinked&Rights:QuarterlyVolume
Q32014
Q32014
Q32015
Q32015
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QuartersQuarters
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USDB
lnUSDB
ln
00
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500500
1,0001,000
1,5001,500
DealC
ountDealC
ount
00
2,0002,000
DealCount Add'l IPO Rights
Equity-Linked
TopUnderwriterMorganStanley
Numberofdeals 273
Volume(USDMln) 44,158
AvgDealsize(USDMln) 161.8
MarketSummaryNumberofdeals 2,973
Volume(USDMln) 451,967
AvgDealsize(USDMln) 152.0
Issuer Industry Volume(USDMln) Date
UberTechnologiesInc Communications 8,100 05/09/2019
ChinaCITICBankCorpLtd Financials 5,964 03/04/2019
HuaxiaBankCoLtd Financials 4,266 01/08/2019
PingAnBankCoLtd Financials 3,837 01/17/2019
VodafoneIdeaLtd Communications 3,586 05/08/2019
BhartiAirtelLtd Communications 3,578 05/29/2019
AstraZenecaPLC HealthCare 3,489 03/29/2019
AvantorInc HealthCare 3,333 05/16/2019
RecruitHoldingsCoLtd ConsumerDiscretionary 3,027 09/10/2019
ChinaThreeGorgesCorp Utilities 2,977 04/04/2019
Financials31%
HealthCare13%
Technology12%
Communications10%
ConsumerDiscretionary9%
Industrials7%
Utilities6%
Others11%
GlobalEquity,EquityLinked&Rights:IndustryBreakdown
GlobalEquity,EquityLinked&Rights:IndustryBreakdown
Industry Volume(USDMln) %OfTotal %YOYChange
Financials 151,014 31.4% -15.5%
HealthCare 63,562 13.2% -29.0%
Technology 55,639 11.6% -25.9%
Communications 46,877 9.7% 20.1%
ConsumerDiscretionary 44,901 9.3% -41.4%
Industrials 35,646 7.4% -42.6%
Utilities 30,906 6.4% 18.8%
Materials 19,789 4.1% -49.9%
Energy 18,626 3.9% -34.7%
ConsumerStaples 13,663 2.8% -27.6%
GlobalEquity,EquityLinked&Rights:OfferingBreakdown
OfferingType Volume(USDMln) %OfTotal %YOYChange
AdditionalOfferings 235,232 48.9% -24.4%
IPO 117,482 24.4% -28.4%
Equity-Linked 102,901 21.4% 5.7%
RightsOfferings 25,615 5.3% -58.6%
31%
13%
12%
10%
9%
7%
6%
11%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page2
GlobalEquity,EquityLinked&Rights1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 9.770 44,158 273 1 8.898 0.872
GoldmanSachs 2 9.527 43,058 256 2 8.811 0.716
JPMorgan 3 8.175 36,950 297 3 7.761 0.414
BankofAmericaMerrillLynch 4 6.557 29,637 203 5 5.630 0.927
Citi 5 6.403 28,939 233 4 6.979 -0.576
CreditSuisse 6 4.544 20,538 182 6 4.123 0.421
UBS 7 3.263 14,750 112 7 3.652 -0.389
CITICSecurities 8 3.241 14,650 60 12 1.735 1.506
Barclays 9 3.055 13,806 118 9 2.877 0.178
ChinaInternationalCapitalCorp 10 1.809 8,175 47 11 2.053 -0.244
RBCCapitalMarkets 11 1.748 7,901 93 13 1.556 0.192
DeutscheBank 12 1.688 7,629 75 8 3.132 -1.444
Jefferies 13 1.677 7,581 102 14 1.367 0.310
WellsFargo 14 1.557 7,036 75 15 1.365 0.192
ChinaSecurities 15 1.549 6,999 43 10 2.173 -0.624
HSBC 16 1.517 6,856 45 20 0.978 0.539
BNPParibas 17 1.301 5,881 44 18 1.158 0.143
Nomura 18 0.999 4,517 56 19 1.038 -0.039
GuotaiJunanSecurities 19 0.949 4,291 32 17 1.284 -0.335
BankofChina 20 0.919 4,153 18 22 0.786 0.133
TOTAL 100% 451,967 2,973 100%
GlobalEquity&EquityLinked1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 9.750 42,554 269 2 9.095 0.655
GoldmanSachs 2 9.662 42,170 254 1 9.122 0.540
JPMorgan 3 8.196 35,773 290 3 7.833 0.363
BankofAmericaMerrillLynch 4 6.626 28,920 202 5 5.908 0.718
Citi 5 6.605 28,830 231 4 7.253 -0.648
CreditSuisse 6 4.633 20,221 179 6 4.281 0.352
UBS 7 3.377 14,740 111 7 3.375 0.002
CITICSecurities 8 3.357 14,650 60 12 1.801 1.556
Barclays 9 3.163 13,806 118 9 2.737 0.426
ChinaInternationalCapitalCorp 10 1.873 8,175 47 10 2.208 -0.335
RBCCapitalMarkets 11 1.810 7,901 93 13 1.665 0.145
DeutscheBank 12 1.670 7,289 74 8 3.145 -1.475
Jefferies 13 1.658 7,238 100 15 1.465 0.193
WellsFargo 14 1.612 7,036 75 14 1.468 0.144
ChinaSecurities 15 1.604 6,999 43 11 2.156 -0.552
HSBC 16 1.398 6,103 43 23 0.749 0.649
BNPParibas 17 1.277 5,574 40 19 1.049 0.228
Nomura 18 1.035 4,517 56 18 1.073 -0.038
GuotaiJunanSecurities 19 0.983 4,291 32 17 1.325 -0.342
BankofChina 20 0.952 4,153 18 21 0.845 0.107
TOTAL 100% 436,468 2,876 100%
GlobalEquityOfferings1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 10.247 35,300 224 1 8.941 1.306
GoldmanSachs 2 9.727 33,510 211 2 8.427 1.300
JPMorgan 3 8.070 27,801 235 4 7.317 0.753
Citi 4 6.786 23,379 198 3 7.627 -0.841
BankofAmericaMerrillLynch 5 6.188 21,316 159 5 5.367 0.821
CreditSuisse 6 4.294 14,792 151 6 4.352 -0.058
UBS 7 3.631 12,508 102 7 3.402 0.229
Barclays 8 2.997 10,324 92 9 2.730 0.267
CITICSecurities 9 2.216 7,636 47 11 1.912 0.304
RBCCapitalMarkets 10 2.004 6,904 79 13 1.637 0.367
Jefferies 11 1.813 6,247 87 15 1.500 0.313
DeutscheBank 12 1.760 6,065 60 8 3.071 -1.311
ChinaInternationalCapitalCorp 13 1.622 5,587 43 10 2.424 -0.802
WellsFargo 14 1.537 5,295 61 17 1.281 0.256
ChinaSecurities 15 1.316 4,535 34 12 1.904 -0.588
Nomura 16 1.216 4,191 50 18 0.938 0.278
HSBC 17 1.082 3,729 28 24 0.681 0.401
Cowen&Co 18 0.864 2,978 65 22 0.784 0.080
CantorFitzgerald 19 0.846 2,914 36 36 0.440 0.406
BNPParibas 20 0.824 2,837 20 20 0.856 -0.032
TOTAL 100% 344,503 2,564 100%
GlobalEquityIPO1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
GoldmanSachs 1 5.521 6,423 65 1 6.649 -1.128
MorganStanley 2 5.247 6,104 58 3 5.744 -0.497
JPMorgan 3 4.980 5,793 58 5 5.120 -0.140
Citi 4 4.955 5,764 50 4 5.639 -0.684
BankofAmericaMerrillLynch 5 4.911 5,714 56 2 6.304 -1.393
CreditSuisse 6 4.689 5,455 55 6 4.651 0.038
ChinaInternationalCapitalCorp 7 3.505 4,078 34 7 4.539 -1.034
CITICSecurities 8 3.445 4,007 29 10 1.891 1.554
DeutscheBank 9 3.272 3,806 30 8 4.206 -0.934
Barclays 10 3.170 3,688 33 13 1.384 1.786
UBS 11 2.402 2,794 27 9 3.220 -0.818
Jefferies 12 2.268 2,638 31 21 1.073 1.195
ChinaSecurities 13 2.174 2,529 21 17 1.276 0.898
RBCCapitalMarkets 14 2.148 2,499 20 14 1.366 0.782
CantorFitzgerald 15 1.875 2,182 11 33 0.542 1.333
HSBC 16 1.721 2,002 12 20 1.095 0.626
ChinaMerchantsSecurities 17 1.359 1,581 12 12 1.565 -0.206
HaitongSecurities 18 1.199 1,395 35 19 1.120 0.079
CanaccordGenuity 19 1.105 1,286 18 93 0.143 0.962
GuotaiJunanSecurities 20 1.105 1,286 18 25 0.821 0.284
TOTAL 100% 116,335 813 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page3
GlobalEquityLinked1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
GoldmanSachs 1 9.417 8,660 43 1 12.888 -3.471
JPMorgan 2 8.668 7,972 55 2 10.633 -1.965
BankofAmericaMerrillLynch 3 8.268 7,604 43 4 8.838 -0.570
MorganStanley 4 7.889 7,255 45 3 9.930 -2.041
CITICSecurities 5 7.627 7,015 13 18 1.199 6.428
Citi 6 5.927 5,451 33 5 5.228 0.699
CreditSuisse 7 5.903 5,429 28 6 3.900 2.003
Barclays 8 3.786 3,481 26 10 2.777 1.009
BNPParibas 9 2.976 2,737 20 12 2.097 0.879
ChinaInternationalCapitalCorp 10 2.814 2,588 4 20 1.037 1.777
ChinaSecurities 11 2.680 2,464 9 8 3.521 -0.841
BankofChina 12 2.585 2,377 3 23 0.889 1.696
HSBC 13 2.582 2,374 15 19 1.116 1.466
UBS 14 2.426 2,231 9 9 3.230 -0.804
WellsFargo 15 1.893 1,741 14 11 2.481 -0.588
GuotaiJunanSecurities 16 1.616 1,486 7 29 0.667 0.949
HuataiSecurities 17 1.355 1,246 5 22 0.927 0.428
DeutscheBank 18 1.332 1,225 14 7 3.549 -2.217
RBCCapitalMarkets 19 1.084 996 14 13 1.812 -0.728
Jefferies 20 1.078 991 13 17 1.279 -0.201
TOTAL 100% 91,965 312 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page4
USEquityReview1st3Q2019creditedUSEquity&EquityLinkedvolumedecreased9.48%toUSD170.8Blnwhiledealcountdecreased18.81%to613offeringsyear-on-year.USEquityIPOvolumeincreased31.46%year-on-yeartoUSD48.3Blnwhilethedealcountdecreased5.48%to138.USEquityLinkedvolumedecreased3.30%year-on-yeartoUSD37.7Blnover83deals.GoldmanSachsrankedasthetopUSEquity&EquityLinkedunderwriterfor1st3Q2019with14.55%marketshare.Thebankunderwrote164dealsovertheperiod.MorganStanleyandJPMorganrankedsecondandthirdwith10.98%and10.71%marketshare,respectively.
USEquity&EquityLinked:Highlightsof1st3Q2019
USEquity&EquityLinked:QuarterlyVolume
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lnUSDB
ln
00
100100
100100
200200
300300
DealC
ountDealC
ount
00
400400
DealCount Add'l IPO Equity-Linked
TopUnderwriterGoldmanSachs
Numberofdeals 164
Volume(USDMln) 24,844
AvgDealsize(USDMln) 151.5
MarketSummaryNumberofdeals 613
Volume(USDMln) 170,808
AvgDealsize(USDMln) 278.6
Issuer Industry Volume(USDMln) Date
UberTechnologiesInc Communications 8,100 05/09/2019
AvantorInc HealthCare 3,333 05/16/2019
BakerHughesaGECo Energy 2,843 09/11/2019
VICIPropertiesInc Financials 2,472 06/25/2019
LyftInc Communications 2,340 03/28/2019
EdisonInternational Utilities 2,206 07/30/2019
WabtecCorp Industrials 1,860 05/01/2019
TeslaInc ConsumerDiscretionary 1,840 05/02/2019
SouthernCo/The Utilities 1,725 08/14/2019
SouthernCo/The Utilities 1,725 08/13/2019
Financials28%
HealthCare21%
Technology16%
Communications10%
Utilities9%
ConsumerDiscretionary6%
Others10%
USEquity&EquityLinked:IndustryBreakdown
USEquity&EquityLinked:IndustryBreakdown
Industry Volume(USDMln) %OfTotal %YOYChange
Financials 49,039 27.7% 4.3%
HealthCare 37,578 21.2% -6.5%
Technology 27,698 15.6% -16.7%
Communications 17,437 9.8% 128.4%
Utilities 15,730 8.9% -7.8%
ConsumerDiscretionary 11,347 6.4% -55.1%
Industrials 7,926 4.5% -26.5%
Energy 5,842 3.3% -36.4%
ConsumerStaples 3,561 2.0% -1.6%
Materials 349 0.2% -89.0%
USEquity&EquityLinked:OfferingBreakdown
OfferingType Volume(USDMln) %OfTotal %YOYChange
AdditionalOfferings 86,032 48.6% -25.0%
IPO 48,465 27.4% 25.8%
Equity-Linked 42,576 24.0% -3.1%
28%
21%16%
10%
9%
6%
10%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page5
USEquity&EquityLinked1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
GoldmanSachs 1 14.545 24,844 164 2 11.975 2.570
MorganStanley 2 10.984 18,761 136 1 14.073 -3.089
JPMorgan 3 10.712 18,297 175 3 11.369 -0.657
BankofAmericaMerrillLynch 4 10.390 17,746 137 4 9.177 1.213
Citi 5 8.505 14,527 111 5 8.047 0.458
Barclays 6 6.286 10,736 89 6 6.278 0.008
CreditSuisse 7 4.918 8,401 87 7 4.967 -0.049
WellsFargo 8 4.020 6,867 71 8 4.070 -0.050
RBCCapitalMarkets 9 3.033 5,180 52 9 3.733 -0.700
Jefferies 10 2.851 4,871 69 11 3.141 -0.290
DeutscheBank 11 2.815 4,809 40 10 3.657 -0.842
Cowen&Co 12 1.820 3,108 60 13 1.719 0.101
CantorFitzgerald 13 1.710 2,921 28 17 0.990 0.720
HSBC 14 1.162 1,984 7 28 0.295 0.867
UBS 15 1.155 1,973 29 12 2.222 -1.067
Stifel 16 1.125 1,922 42 15 1.210 -0.085
BNPParibas 17 1.086 1,855 11 27 0.313 0.773
EvercorePartnersInc 18 1.051 1,795 28 18 0.820 0.231
SunTrustRobinsonHumphrey 19 0.999 1,707 18 16 1.152 -0.153
SVBLeerinkLLC 20 0.980 1,674 34 - - 0.980
TOTAL 100% 170,808 613 100%
USEquityOfferings1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
GoldmanSachs 1 15.131 20,139 135 2 10.899 4.232
JPMorgan 2 10.060 13,390 141 3 10.684 -0.624
MorganStanley 3 10.045 13,370 105 1 12.916 -2.871
BankofAmericaMerrillLynch 4 9.084 12,091 105 5 7.226 1.858
Citi 5 8.734 11,625 90 4 8.617 0.117
Barclays 6 5.733 7,630 68 6 6.620 -0.887
CreditSuisse 7 4.615 6,142 73 7 5.681 -1.066
WellsFargo 8 3.851 5,126 57 10 3.731 0.120
RBCCapitalMarkets 9 3.294 4,385 43 9 3.890 -0.596
DeutscheBank 10 3.230 4,299 35 8 4.144 -0.914
Jefferies 11 3.046 4,055 58 11 3.321 -0.275
Cowen&Co 12 2.071 2,756 56 13 2.081 -0.010
CantorFitzgerald 13 2.042 2,718 26 17 1.169 0.873
UBS 14 1.431 1,904 28 12 2.596 -1.165
SVBLeerinkLLC 15 1.258 1,674 34 - - 1.258
EvercorePartnersInc 16 1.244 1,656 25 18 1.037 0.207
Stifel 17 1.219 1,623 39 14 1.403 -0.184
HSBC 18 0.997 1,326 4 26 0.373 0.624
SunTrustRobinsonHumphrey 19 0.963 1,282 13 16 1.290 -0.327
Allen&Co 20 0.935 1,244 6 36 0.239 0.696
TOTAL 100% 133,102 530 100%
USEquityIPO1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
GoldmanSachs 1 9.213 4,447 42 2 8.616 0.597
BankofAmericaMerrillLynch 2 8.214 3,965 40 1 10.859 -2.645
Citi 3 7.047 3,401 23 6 6.945 0.102
CreditSuisse 4 6.786 3,275 32 5 7.323 -0.537
JPMorgan 5 6.697 3,233 38 3 8.048 -1.351
DeutscheBank 6 6.379 3,079 19 7 6.130 0.249
MorganStanley 7 6.185 2,985 28 4 7.900 -1.715
Barclays 8 4.995 2,411 22 9 4.475 0.520
RBCCapitalMarkets 9 4.990 2,408 17 8 4.550 0.440
CantorFitzgerald 10 4.501 2,173 10 12 2.195 2.306
Jefferies 11 4.494 2,169 23 10 2.963 1.531
UBS 12 3.255 1,571 15 13 2.112 1.143
Allen&Co 13 2.577 1,244 6 25 0.873 1.704
Cowen&Co 14 2.003 967 16 11 2.470 -0.467
WellsFargo 15 1.903 919 14 14 2.043 -0.140
SunTrustRobinsonHumphrey 16 1.855 895 4 26 0.859 0.996
HSBC 17 1.800 869 2 23 0.902 0.898
Stifel 18 1.732 836 12 21 0.972 0.760
EvercorePartnersInc 19 1.608 776 11 15 1.499 0.109
CanaccordGenuity 20 1.363 658 3 42 0.245 1.118
TOTAL 100% 48,267 138 100%
USEquityLinked1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BankofAmericaMerrillLynch 1 15.000 5,656 32 2 16.548 -1.548
MorganStanley 2 14.296 5,390 31 1 18.443 -4.147
JPMorgan 3 13.013 4,907 34 4 13.957 -0.944
GoldmanSachs 4 12.478 4,705 29 3 16.037 -3.559
Barclays 5 8.237 3,106 21 7 4.985 3.252
Citi 6 7.698 2,903 21 5 5.895 1.803
CreditSuisse 7 5.990 2,258 14 10 2.268 3.722
WellsFargo 8 4.617 1,741 14 6 5.351 -0.734
BNPParibas 9 2.201 830 6 17 0.527 1.674
Jefferies 10 2.164 816 11 9 2.462 -0.298
RBCCapitalMarkets 11 2.109 795 9 8 3.143 -1.034
HSBC 12 1.745 658 3 - - 1.745
DeutscheBank 13 1.351 509 5 11 1.820 -0.469
SunTrustRobinsonHumphrey 14 1.128 425 5 16 0.630 0.498
Scotiabank 15 0.985 371 2 33 0.074 0.911
Cowen&Co 16 0.933 352 4 21 0.353 0.580
Stifel 17 0.793 299 3 19 0.484 0.309
GuggenheimCapital 18 0.691 261 3 25 0.252 0.439
MitsubishiUFJFinancialGroupInc 19 0.559 211 2 33 0.074 0.485
CantorFitzgerald 20 0.540 204 2 23 0.316 0.224
TOTAL 100% 37,705 83 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page6
CanadaEquityReview1st3Q2019creditedCanadaEquity,EquityLinked&Preferredvolumedecreased1.01%toCAD22.6Blnwhiledealcountdecreased23.43%to281offeringsyear-on-year.CanadaEquityIPOvolumeincreased31.57%year-on-yeartoCAD2.6Blnwhilethedealcountdecreased27.66%to68.CanadaEquityOfferingsvolumeincreased7.21%year-on-yeartoCAD19.3Blnover252deals.MorganStanleyrankedasthetopCanadaEquity,EquityLinked&Preferredunderwriterfor1st3Q2019with19.57%marketshare.Thebankunderwrote3dealsovertheperiod.CIBCandRBCCapitalMarketsrankedsecondandthirdwith11.91%and11.28%marketshare,respectively.
CanadaEquity,EquityLinked&Preferred
1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 19.572 4,428 3 9 4.281 15.291
CIBC 2 11.911 2,695 31 4 8.756 3.155
RBCCapitalMarkets 3 11.277 2,551 31 3 9.196 2.081
BMOCapitalMarkets 4 10.818 2,448 39 2 10.430 0.388
CanaccordGenuity 5 10.043 2,272 45 6 5.881 4.162
TDSecurities 6 8.400 1,900 22 1 16.513 -8.113
NationalBankFinancialInc 7 3.560 805 19 5 6.311 -2.751
JPMorgan 8 3.184 720 6 22 0.832 2.352
Scotiabank 9 2.199 497 12 7 5.217 -3.018
CreditSuisse 10 1.994 451 2 8 4.729 -2.735
TOTAL 100% 22,624 281 100%
CanadaEquity&EquityLinked
1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 20.332 4,428 3 9 3.767 16.565
CIBC 2 12.186 2,654 29 3 8.775 3.411
BMOCapitalMarkets 3 11.051 2,407 37 2 11.147 -0.096
RBCCapitalMarkets 4 10.643 2,318 27 4 8.115 2.528
CanaccordGenuity 5 10.433 2,272 45 5 6.454 3.979
TDSecurities 6 8.194 1,785 19 1 16.486 -8.292
NationalBankFinancialInc 7 3.602 785 18 6 6.155 -2.553
JPMorgan 8 2.767 603 5 20 0.915 1.852
Scotiabank 9 2.097 457 10 8 4.305 -2.208
CreditSuisse 10 2.071 451 2 7 5.197 -3.126
TOTAL 100% 21,779 277 100%
Financials36%
ConsumerDiscretionary19%
HealthCare13%
Utilities8%
Materials8%
Communications7%
Others8%
CanadaEquity,EquityLinked&Preferred:QuarterlyVolume
Q32014
Q32014
Q32015
Q32015
Q32016
Q32016
Q32017
Q32017
Q32018
Q32018
QuartersQuarters
Q32019
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55
1010
1515
CADB
lnCADB
ln
00
2020
5050
100100
150150
DealC
ountDealC
ount
00
180180
DealCount Amount
CanadaEquity,EquityLinked&Preferred:IndustryBreakdown
36%
19%13%
8%
8%
7%
8%
CanadaEquity,EquityLinked&Preferred:ManagerRankingsHistory
Morga
nStan
leyCIBC
RBCCapitalMa
rkets
BMOCapitalMa
rkets
Canaccord
Genuity
TDSecurities
10
20
Marke
tSha
re(%
)
0
25
2019 2018 2017
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page7
CanadaEquityOfferings1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 22.933 4,428 3 8 4.348 18.585
CIBC 2 12.206 2,357 20 3 8.987 3.219
CanaccordGenuity 3 10.629 2,052 38 7 5.838 4.791
RBCCapitalMarkets 4 10.612 2,049 22 4 6.980 3.632
BMOCapitalMarkets 5 9.523 1,839 31 2 10.013 -0.490
TDSecurities 6 8.817 1,702 15 1 16.379 -7.562
NationalBankFinancialInc 7 2.686 519 10 6 5.884 -3.198
CreditSuisse 8 2.336 451 2 5 5.998 -3.662
JPMorgan 9 2.313 447 4 19 1.056 1.257
Scotiabank 10 1.883 364 7 9 4.234 -2.351
Citi 11 1.510 292 2 26 0.608 0.902
CormarkSecuritiesInc 12 1.339 259 16 15 1.667 -0.328
Barclays 13 1.046 202 2 13 2.458 -1.412
GoldmanSachs 14 0.994 192 2 11 3.158 -2.164
GMPSecurities 15 0.976 189 15 10 3.381 -2.405
DesjardinsCapitalMarkets 16 0.896 173 6 24 0.855 0.041
SprottCapitalPartners 17 0.751 145 8 32 0.376 0.375
Jefferies 18 0.669 129 3 36 0.231 0.438
BloomBurton&Co 19 0.660 127 7 29 0.434 0.226
Cowen&Co 20 0.632 122 4 - - 0.632
TOTAL 100% 19,309 252 100%
CanadaEquityIPO1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CanaccordGenuity 1 60.374 1,572 14 4 10.241 50.133
Citi 2 9.211 240 1 9 2.251 6.960
BMOCapitalMarkets 3 4.976 130 2 1 22.312 -17.336
JPMorgan 4 3.532 92 1 - - 3.532
NationalBankFinancialInc 4 3.532 92 1 9 2.251 1.281
Cowen&Co 6 3.079 80 2 - - 3.079
BeaconSecurities 7 2.065 54 1 - - 2.065
CormarkSecuritiesInc 8 1.921 50 1 - - 1.921
CIBC 9 1.732 45 2 2 11.756 -10.024
RBCCapitalMarkets 9 1.732 45 2 2 11.756 -10.024
Jefferies 11 1.635 43 1 - - 1.635
PiperJaffray&Co 11 1.635 43 1 - - 1.635
Barclays 13 1.444 38 1 - - 1.444
ParadigmCapitalInc 14 1.362 35 1 - - 1.362
HaywoodSecuritiesInc/Vancouver 15 0.728 19 20 18 1.548 -0.820
RaymondJames&Associates 16 0.255 7 2 - - 0.255
PacificInternationalSecuritiesInc 17 0.211 5 10 6 4.250 -4.039
GMPSecurities 18 0.195 5 3 27 0.076 0.119
IndustrialAllianceInsurance&Financial 19 0.100 3 2 28 0.061 0.039
MackieResearchCapitalCorp 20 0.096 3 4 19 0.684 -0.588
TOTAL 100% 2,604 68 100%
CanadianRetailStructuredProducts1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CIBC 1 23.248 90 14 2 27.018 -3.770
RBCCapitalMarkets 2 22.308 86 13 1 32.110 -9.802
NationalBankFinancialInc 3 15.487 60 13 4 13.636 1.851
Scotiabank 4 14.031 54 11 3 25.236 -11.205
PacificInternationalSecuritiesInc 5 3.966 15 1 - - 3.966
AGP/AllianceGlobalPartnersCorp 6 2.093 8 3 - - 2.093
BMOCapitalMarkets 6 2.093 8 3 5 0.222 1.871
CanaccordGenuity 6 2.093 8 3 5 0.222 1.871
DesjardinsCapitalMarkets 6 2.093 8 3 5 0.222 1.871
IndustrialAllianceInsurance&Financial 6 2.093 8 3 5 0.222 1.871
RaymondJames&Associates 6 2.093 8 3 5 0.222 1.871
TDSecurities 6 2.093 8 3 5 0.222 1.871
GMPSecurities 13 1.578 6 2 5 0.222 1.356
MackieResearchCapitalCorp 13 1.578 6 2 5 0.222 1.356
ManulifeFinancialCorp 13 1.578 6 2 - - 1.578
HaywoodSecuritiesInc/Vancouver 16 1.267 5 1 - - 1.267
Wellington-AltusPvtWealthInc 17 0.311 1 1 - - 0.311
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 387 15 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page8
LatinAmericaEquityReview1st3Q2019creditedLatinAmericaEquityOfferingsvolumeincreased34.57%toUSD19.5Blnwhiledealcountincreased12.82%to44offeringsyear-on-year.JPMorganrankedasthetopLatinAmericaEquityOfferingsunderwriterfor1st3Q2019with12.15%marketshare.Thebankunderwrote11dealsovertheperiod.BankofAmericaMerrillLynchandMorganStanleyrankedsecondandthirdwith11.31%and10.94%marketshare,respectively.
LatinAmericaEquityOfferings
1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 12.147 2,363 11 5 8.620 3.527
BankofAmericaMerrillLynch 2 11.306 2,199 16 4 9.697 1.609
MorganStanley 3 10.944 2,129 18 2 11.909 -0.965
BancoItauBBA 4 8.581 1,669 15 8 4.654 3.927
Citi 5 8.100 1,575 10 9 3.975 4.125
BancoBTGPactual 6 7.259 1,412 16 3 9.819 -2.560
UBS 7 5.653 1,099 7 16 1.200 4.453
BradescoBBISA 8 4.978 968 8 6 5.479 -0.501
GoldmanSachs 9 4.826 939 8 1 12.575 -7.749
CaixaEconomicaFederal 10 4.113 800 4 - - 4.113
TOTAL 100% 19,450 44 100%
BrazilEquityOfferings
1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(BRLMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BankofAmericaMerrillLynch 1 11.419 6,939 14 5 10.102 1.317
MorganStanley 2 10.912 6,631 15 1 18.630 -7.718
JPMorgan 3 10.494 6,377 8 7 7.472 3.022
BancoItauBBA 4 9.309 5,657 13 6 8.608 0.701
Citi 5 8.051 4,892 7 10 3.041 5.010
BancoBTGPactual 6 7.161 4,352 14 3 10.644 -3.483
UBS 7 6.303 3,830 6 11 2.376 3.927
BradescoBBISA 8 6.085 3,697 8 4 10.172 -4.087
CaixaEconomicaFederal 9 4.979 3,025 4 - - 4.979
XPInvestimentosCCTVMSA 10 4.717 2,866 6 - - 4.717
TOTAL 100% 60,765 33 100%
Financials26%
ConsumerDiscretionary23%
Energy20%
Utilities14%
HealthCare10%
Others7%
LatinAmericaEquityOfferings:QuarterlyVolume
Q32014
Q32014
Q32015
Q32015
Q32016
Q32016
Q32017
Q32017
Q32018
Q32018
QuartersQuarters
Q32019
Q32019
55
1010
1515
USDB
lnUSDB
ln
00
2020
1010
2020 DealC
ountDealC
ount
00
3030
DealCount Amount
LatinAmericaEquityOfferings:IndustryBreakdown
26%
23%20%
14%
10%
7%
LatinAmericaEquityOfferings:ManagerRankingsHistory
JPMorg
an
BankofAme
ricaM
errillLynch
Morga
nStan
ley
BancoItau
BBA Ci
ti
BancoB
TGPactua
l
5
10
Marke
tSha
re(%
)
0
15
2019 2018 2017
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page9
EMEAEquityReview1st3Q2019creditedEMEAEquity,EquityLinked&Rights-Riskvolumedecreased35.28%toUSD80.7Blnwhiledealcountdecreased37.72%to393offeringsyear-on-year.EMEAEquityIPOvolumedecreased48.69%year-on-yeartoUSD16.4Blnwhilethedealcountdecreased53.19%to66.EMEAEquityLinked-Riskvolumeincreased13.88%year-on-yeartoUSD13.7Blnover30deals.JPMorganrankedasthetopEMEAEquity,EquityLinked&Rights-Riskunderwriterfor1st3Q2019with11.67%marketshare.Thebankunderwrote61dealsovertheperiod.MorganStanleyandGoldmanSachsrankedsecondandthirdwith10.82%and8.12%marketshare,respectively.
EMEAEquity,EquityLinked&Rights-Risk:Highlightsof1st3Q2019
Issuer Industry Volume(USDMln) Date
AstraZenecaPLC HealthCare 3,489 03/29/2019
NexiSpA Financials 2,323 04/12/2019
VodafoneGroupPLC Communications 2,262 03/05/2019
VodafoneGroupPLC Communications 2,262 03/05/2019
InfineonTechnologiesAG Technology 1,734 06/17/2019
AdyenNV Financials 1,693 03/12/2019
NetworkInternationalHoldingsPLC Financials 1,597 04/10/2019
TratonSE Industrials 1,577 06/27/2019
StadlerRailAG Industrials 1,526 04/12/2019
TrainlinePLC Communications 1,389 06/21/2019
EMEAEquity,EquityLinked&Rights-Risk
Q32014
Q32014
Q32015
Q32015
Q32016
Q32016
Q32017
Q32017
Q32018
Q32018
QuartersQuarters
Q32019
Q32019
2020
4040
6060
8080
100100
120120
USDB
lnUSDB
ln
00
140140
100100
200200
300300
DealC
ountDealC
ount
00
400400
DealCount Add'l IPO Rights
Equity-Linked
EMEAEquity,EquityLinked&Rights-Risk:LargestDealsbyCountryof1st3Q2019
Issuer Volume(USDMln) Date Country
AlstomSA 1,194 09/12/2019 France
InfineonTechnologiesAG 1,734 06/17/2019 Germany
EnergeanOil&GasPLC 266 07/04/2019 Greece
NexiSpA 2,323 04/12/2019 Italy
AdyenNV 1,693 03/12/2019 Netherlands
ArabianCentresCoLtd 659 05/09/2019 SaudiArabia
AngloAmericanPLC 643 07/26/2019 SouthAfrica
CellnexTelecomSA 1,349 03/27/2019 Spain
StadlerRailAG 1,526 04/12/2019 Switzerland
NetworkInternationalHoldingsPLC 1,597 04/10/2019 UnitedArabEmirates
AstraZenecaPLC 3,489 03/29/2019 UnitedKingdom
EMEAEquity,EquityLinked&Rights-Risk:IndustryBreakdown
Industry Volume(USDMln) %OfTotal %YOYChange
Financials 29,336 32.5% -32.4%
Industrials 11,641 12.9% -24.3%
Communications 10,246 11.3% 98.4%
HealthCare 9,765 10.8% -65.6%
Materials 7,773 8.6% -46.5%
ConsumerDiscretionary 7,420 8.2% -45.5%
Technology 7,259 8.0% 24.8%
Energy 3,040 3.4% -54.1%
ConsumerStaples 2,368 2.6% -56.3%
Utilities 1,444 1.6% -14.3%
EMEAEquity,EquityLinked&Rights-Risk:OfferingBreakdown
OfferingType Volume(USDMln) %OfTotal %YOYChange
AdditionalOfferings 49,311 54.6% -18.6%
Equity-Linked 17,705 19.6% 31.7%
IPO 16,441 18.2% -52.2%
RightsOfferings 6,844 7.6% -78.3%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page10
EMEAEquity,EquityLinked&Rights-Risk1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 11.669 9,419 61 1 9.584 2.085
MorganStanley 2 10.815 8,730 44 4 5.565 5.250
GoldmanSachs 3 8.124 6,557 38 2 8.305 -0.181
Citi 4 7.922 6,394 48 3 8.247 -0.325
CreditSuisse 5 6.415 5,178 31 7 4.647 1.768
BankofAmericaMerrillLynch 6 5.244 4,233 23 8 4.542 0.702
UBS 7 5.221 4,214 23 5 5.306 -0.085
BNPParibas 8 3.934 3,175 24 11 2.705 1.229
Barclays 9 3.371 2,721 24 9 3.669 -0.298
Jefferies 10 2.620 2,114 23 15 1.541 1.079
HSBC 11 2.257 1,822 15 12 2.120 0.137
JohBerenbergGossler&CoKG 12 2.064 1,666 19 13 2.013 0.051
SocieteGenerale 13 2.022 1,632 13 10 3.093 -1.071
DeutscheBank 14 1.580 1,276 12 6 4.882 -3.302
Carnegie 15 1.425 1,150 32 16 1.464 -0.039
UniCredit 16 1.304 1,052 7 19 1.091 0.213
ABNAmroBankNV 17 1.096 884 7 29 0.668 0.428
CreditAgricoleCIB 18 1.085 876 7 17 1.327 -0.242
Numis 19 1.015 819 8 20 0.979 0.036
SEB 20 0.896 723 13 30 0.663 0.233
TOTAL 100% 80,716 393 100%
EMEAEquity,EquityLinked&Rights-Syndication1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 12.329 9,382 57 1 9.885 2.444
MorganStanley 2 10.898 8,293 37 4 5.639 5.259
GoldmanSachs 3 7.592 5,777 27 2 8.086 -0.494
Citi 4 7.269 5,531 36 3 7.219 0.050
CreditSuisse 5 7.012 5,336 27 7 4.504 2.508
UBS 6 5.320 4,049 21 5 5.278 0.042
BankofAmericaMerrillLynch 7 4.695 3,573 17 8 4.412 0.283
BNPParibas 8 3.901 2,968 23 11 2.654 1.247
Barclays 9 3.301 2,512 19 9 3.543 -0.242
HSBC 10 2.838 2,160 16 13 2.131 0.707
Jefferies 11 2.438 1,855 19 17 1.268 1.170
SocieteGenerale 12 2.145 1,632 13 10 3.104 -0.959
JohBerenbergGossler&CoKG 13 2.115 1,610 18 12 2.132 -0.017
DeutscheBank 14 1.625 1,237 11 6 5.023 -3.398
Carnegie 15 1.512 1,150 32 15 1.499 0.013
UniCredit 16 1.383 1,052 7 20 1.055 0.328
ABNAmroBankNV 17 1.162 884 7 31 0.684 0.478
CreditAgricoleCIB 18 1.151 876 7 16 1.296 -0.145
Numis 19 1.121 853 9 19 1.096 0.025
Natixis 20 0.899 684 10 62 0.195 0.704
TOTAL 100% 76,096 361 100%
EMEAEquity&EquityLinked-Risk1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 11.728 8,974 56 1 9.781 1.947
MorganStanley 2 10.250 7,843 41 5 6.211 4.039
Citi 3 8.356 6,394 48 2 8.802 -0.446
GoldmanSachs 4 8.344 6,384 37 3 8.479 -0.135
CreditSuisse 5 6.767 5,178 31 7 5.084 1.683
BankofAmericaMerrillLynch 6 5.531 4,233 23 8 4.723 0.808
UBS 7 5.507 4,214 23 4 6.355 -0.848
BNPParibas 8 3.770 2,885 21 10 2.518 1.252
Barclays 9 3.556 2,721 24 11 2.512 1.044
HSBC 10 2.381 1,822 15 21 0.936 1.445
Jefferies 11 2.315 1,771 21 13 1.827 0.488
SocieteGenerale 12 2.133 1,632 13 9 3.246 -1.113
JohBerenbergGossler&CoKG 13 1.753 1,341 18 12 2.395 -0.642
DeutscheBank 14 1.667 1,276 12 6 5.454 -3.787
Carnegie 15 1.475 1,129 31 14 1.749 -0.274
UniCredit 16 1.375 1,052 7 20 0.952 0.423
ABNAmroBankNV 17 1.156 884 7 27 0.796 0.360
CreditAgricoleCIB 18 1.145 876 7 18 0.957 0.188
Numis 19 1.070 819 8 19 0.956 0.114
SEB 20 0.945 723 13 26 0.797 0.148
TOTAL 100% 76,519 372 100%
EMEAEquity&EquityLinked-Syndication1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 12.423 8,937 52 1 10.157 2.266
MorganStanley 2 10.295 7,406 34 5 6.324 3.971
GoldmanSachs 3 7.791 5,605 26 2 8.225 -0.434
Citi 4 7.689 5,531 36 3 7.581 0.108
CreditSuisse 5 7.417 5,336 27 7 4.927 2.490
UBS 6 5.628 4,049 21 4 6.355 -0.727
BankofAmericaMerrillLynch 7 4.966 3,573 17 8 4.573 0.393
BNPParibas 8 3.722 2,678 20 11 2.452 1.270
Barclays 9 3.492 2,512 19 12 2.329 1.163
HSBC 10 3.002 2,160 16 22 0.916 2.086
SocieteGenerale 11 2.269 1,632 13 9 3.266 -0.997
Jefferies 12 2.102 1,512 17 14 1.506 0.596
JohBerenbergGossler&CoKG 13 1.786 1,285 17 10 2.551 -0.765
DeutscheBank 14 1.719 1,237 11 6 5.644 -3.925
Carnegie 15 1.569 1,129 31 13 1.800 -0.231
UniCredit 16 1.463 1,052 7 24 0.905 0.558
ABNAmroBankNV 17 1.229 884 7 28 0.819 0.410
CreditAgricoleCIB 18 1.218 876 7 23 0.910 0.308
Numis 19 1.186 853 9 18 1.097 0.089
Natixis 20 0.867 624 8 55 0.235 0.632
TOTAL 100% 71,941 346 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page11
EMEAEquityLinked-Risk1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BNPParibas 1 11.878 1,631 11 6 7.268 4.610
JPMorgan 2 11.552 1,586 11 5 10.005 1.547
CreditSuisse 3 10.855 1,491 3 15 1.514 9.341
HSBC 4 9.937 1,365 9 7 5.020 4.917
Citi 5 6.894 947 3 4 10.048 -3.154
SocieteGenerale 6 5.687 781 7 3 10.275 -4.588
MorganStanley 7 5.601 769 5 12 2.356 3.245
UBS 8 5.566 764 3 1 16.135 -10.569
BankofAmericaMerrillLynch 9 5.544 761 4 8 4.435 1.109
CreditAgricoleCIB 10 4.240 582 5 11 2.709 1.531
Natixis 11 3.669 504 4 13 2.210 1.459
UniCredit 12 2.649 364 2 14 1.640 1.009
DeutscheBank 13 2.282 313 3 2 10.876 -8.594
GoldmanSachs 14 2.146 295 2 9 3.515 -1.369
Barclays 15 1.912 263 4 10 3.329 -1.417
Stifel 16 0.965 133 2 - - 0.965
Nomura 17 0.811 111 1 - - 0.811
MizuhoFinancial 18 0.804 110 1 - - 0.804
BancoSabadell 19 0.639 88 1 - - 0.639
BancoSantander 19 0.639 88 1 - - 0.639
TOTAL 100% 13,734 30 100%
EMEAEquityLinked-Syndication1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CreditSuisse 1 12.840 1,791 4 18 1.298 11.542
JPMorgan 2 12.185 1,699 12 3 10.287 1.898
BNPParibas 3 10.213 1,424 10 7 5.228 4.985
HSBC 4 9.785 1,365 9 10 3.767 6.018
UBS 5 6.290 877 4 1 13.835 -7.545
Citi 6 6.115 853 3 6 7.203 -1.088
SocieteGenerale 7 5.600 781 7 4 8.273 -2.673
MorganStanley 8 5.020 700 4 11 3.082 1.938
CreditAgricoleCIB 9 4.175 582 5 16 1.786 2.389
BankofAmericaMerrillLynch 10 3.975 554 3 13 2.364 1.611
Natixis 11 3.612 504 4 17 1.358 2.254
Barclays 12 2.693 376 5 14 2.317 0.376
UniCredit 13 2.609 364 2 20 0.869 1.740
DeutscheBank 14 2.247 313 3 2 10.840 -8.593
Nomura 15 1.736 242 3 5 7.976 -6.240
SumitomoMitsuiFinancial 16 1.638 228 2 15 2.213 -0.575
Stifel 17 0.950 133 2 - - 0.950
Jefferies 18 0.829 116 2 25 0.434 0.395
GoldmanSachs 19 0.795 111 2 9 3.996 -3.201
MizuhoFinancial 20 0.792 110 1 12 2.381 -1.589
TOTAL 100% 13,947 35 100%
EMEAEquityIPO1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Citi 1 8.996 1,476 12 1 10.939 -1.943
JPMorgan 2 7.954 1,305 10 2 7.676 0.278
Barclays 3 7.290 1,196 9 18 1.213 6.077
MorganStanley 4 6.708 1,101 8 5 5.654 1.054
GoldmanSachs 5 6.493 1,065 12 4 6.118 0.375
BankofAmericaMerrillLynch 6 4.719 774 7 7 4.854 -0.135
CreditSuisse 7 4.505 739 5 9 4.139 0.366
BNPParibas 8 3.858 633 4 8 4.522 -0.664
UBS 9 3.847 631 3 6 4.972 -1.125
HSBC 10 2.431 399 4 38 0.540 1.891
ZuercherKantonalbank 11 2.386 392 2 61 0.260 2.126
Jefferies 12 2.213 363 5 12 1.774 0.439
UniCredit 13 2.156 354 2 17 1.216 0.940
Numis 14 2.093 344 2 35 0.581 1.512
SambaCapital 15 2.064 339 2 29 0.750 1.314
EmiratesNBDPJSC 16 2.023 332 2 - - 2.023
SEB 17 1.928 316 3 20 1.120 0.808
KohlbergKravisRoberts&Co 18 1.693 278 1 - - 1.693
Carnegie 19 1.473 242 4 11 2.276 -0.803
EFG-Hermes 20 1.406 231 3 56 0.298 1.108
TOTAL 100% 16,411 66 100%
EMEAEquityOfferings1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 11.767 7,388 45 1 9.752 2.015
MorganStanley 2 11.267 7,074 36 4 6.718 4.549
GoldmanSachs 3 9.699 6,090 35 2 9.131 0.568
Citi 4 8.676 5,447 45 3 8.639 0.037
CreditSuisse 5 5.873 3,687 28 5 5.553 0.320
BankofAmericaMerrillLynch 6 5.529 3,471 19 7 4.760 0.769
UBS 7 5.494 3,449 20 6 5.071 0.423
Barclays 8 3.915 2,458 20 10 2.405 1.510
Jefferies 9 2.728 1,713 20 13 1.938 0.790
JohBerenbergGossler&CoKG 10 2.082 1,307 17 9 2.560 -0.478
BNPParibas 11 1.996 1,253 10 14 1.894 0.102
Carnegie 12 1.798 1,129 31 12 1.979 -0.181
DeutscheBank 13 1.533 962 9 8 4.742 -3.209
SocieteGenerale 14 1.356 851 6 11 2.323 -0.967
ABNAmroBankNV 15 1.318 828 6 24 0.901 0.417
Numis 16 1.305 819 8 18 1.082 0.223
UniCredit 17 1.097 688 5 25 0.861 0.236
SEB 18 1.042 654 12 23 0.902 0.140
Stifel 19 0.915 574 10 22 0.915 0.000
RBCCapitalMarkets 20 0.860 540 8 29 0.690 0.170
TOTAL 100% 62,785 342 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page12
EMEARightsOfferings1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 21.124 887 3 14 2.359 18.765
JPMorgan 2 10.588 444 5 2 8.607 1.981
Jefferies 3 8.173 343 2 46 0.123 8.050
JohBerenbergGossler&CoKG 4 7.743 325 1 48 0.121 7.622
BNPParibas 5 6.926 291 3 9 3.635 3.291
ZuercherKantonalbank 6 5.298 222 2 - - 5.298
BelfiusBankSA/NV 7 4.659 196 2 31 0.690 3.969
INGGroep 7 4.659 196 2 12 2.483 2.176
KBCGroup 7 4.659 196 2 32 0.662 3.997
DNBASA 10 4.240 178 3 52 0.087 4.153
CaixaBank 11 4.113 173 1 - - 4.113
GoldmanSachs 11 4.113 173 1 4 7.441 -3.328
DanskeBank 13 3.799 159 2 36 0.441 3.358
ArcticSecurities 14 2.780 117 1 59 0.039 2.741
PeelHuntLLP 15 1.692 71 2 33 0.614 1.078
BancoSantander 16 1.546 65 1 7 4.123 -2.577
Natixis 17 1.437 60 2 - - 1.437
Nordea 18 1.019 43 1 60 0.032 0.987
NationalCommercialBank 19 0.635 27 1 - - 0.635
Carnegie 20 0.516 22 1 57 0.051 0.465
TOTAL 100% 4,197 21 100%
WesternEuropeEquity,EquityLinked&Rights1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(EURMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 11.248 7,080 38 4 6.246 5.002
JPMorgan 2 10.232 6,440 48 1 9.334 0.898
GoldmanSachs 3 7.641 4,809 30 2 8.941 -1.300
Citi 4 7.457 4,694 37 3 8.483 -1.026
CreditSuisse 5 6.745 4,246 26 7 4.978 1.767
BankofAmericaMerrillLynch 6 5.863 3,691 21 8 4.541 1.322
UBS 7 5.515 3,471 19 5 5.425 0.090
BNPParibas 8 4.494 2,829 24 11 2.973 1.521
Barclays 9 3.330 2,096 21 9 4.037 -0.707
Jefferies 10 2.841 1,789 20 14 1.691 1.150
HSBC 11 2.450 1,542 14 13 2.280 0.170
JohBerenbergGossler&CoKG 12 2.354 1,482 19 12 2.301 0.053
SocieteGenerale 13 2.313 1,456 13 10 3.449 -1.136
DeutscheBank 14 1.699 1,070 11 6 5.161 -3.462
Carnegie 15 1.624 1,022 32 15 1.657 -0.033
UniCredit 16 1.486 935 7 19 1.150 0.336
CreditAgricoleCIB 17 1.247 785 7 16 1.516 -0.269
ABNAmroBankNV 18 1.244 783 7 27 0.769 0.475
Numis 19 1.153 726 8 20 1.123 0.030
SEB 20 1.022 643 13 28 0.736 0.286
TOTAL 100% 62,946 327 100%
EasternEuropeEquity,EquityLinked&Rights1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(EURMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 19.910 797 7 2 6.385 13.525
GoldmanSachs 2 17.154 686 4 3 6.344 10.810
Citi 3 10.791 432 5 6 5.552 5.239
VTBCapital 4 8.439 338 5 5 5.603 2.836
CreditSuisse 5 7.973 319 4 20 2.090 5.883
UBS 6 6.632 265 4 - - 6.632
MorganStanley 7 5.909 236 3 22 2.027 3.882
SberbankCIBCJSC 8 4.327 173 3 17 3.001 1.326
LiberumCapitalLtd 9 4.280 171 1 - - 4.280
BancoSantander 10 2.564 103 2 19 2.347 0.217
Gazprombank 11 2.432 97 2 - - 2.432
RenaissanceCapitalPtyLtd 12 2.345 94 2 - - 2.345
JavaCapital 13 2.246 90 1 - - 2.246
PKOBankPolskiSA 14 1.620 65 1 21 2.057 -0.437
DeutscheBank 15 1.368 55 1 7 5.487 -4.119
BankofAmericaMerrillLynch 16 0.942 38 1 1 8.182 -7.240
Commerzbank 17 0.535 21 1 - - 0.535
Woods&Co 17 0.535 21 1 - - 0.535
- - - - - - - -
- - - - - - - -
TOTAL 100% 4,001 20 100%
AIMEquityOfferings1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(GBPMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Numis 1 7.823 200 13 3 8.828 -1.005
Jefferies 2 6.730 172 2 25 0.948 5.782
PeelHuntLLP 3 6.306 161 10 16 1.508 4.798
JPMorgan 4 5.968 153 2 - - 5.968
CenkosSecurities 5 5.930 152 15 5 6.920 -0.990
Investec 6 5.339 136 5 7 4.074 1.265
Stifel 7 5.032 129 6 1 11.380 -6.348
MirabaudSecurities 8 4.518 116 4 8 3.605 0.913
GoldmanSachs 9 4.099 105 1 30 0.820 3.279
LiberumCapitalLtd 10 4.061 104 4 2 9.554 -5.493
ShoreCapitalGroupLtd 11 3.681 94 16 17 1.505 2.176
Goodbody 12 2.969 76 3 24 1.135 1.834
FinnCap 13 2.958 76 20 12 2.035 0.923
Davy 14 2.647 68 3 66 0.059 2.588
JohBerenbergGossler&CoKG 15 2.618 67 7 4 7.062 -4.444
RBCCapitalMarkets 16 2.605 67 3 53 0.113 2.492
CanaccordGenuity 17 2.595 66 10 20 1.314 1.281
CantorFitzgerald 18 2.403 61 7 23 1.171 1.232
ArdenPartnersLtd 19 1.762 45 6 22 1.177 0.585
Nplus1SingerLtd 20 1.682 43 5 19 1.389 0.293
TOTAL 100% 2,557 241 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page13
AfricaEquity,EquityLinked&Rights1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 50.183 764 2 3 10.063 40.120
Investec 2 20.325 309 3 2 12.619 7.706
StandardBankofSouthAfrica 3 11.264 171 2 1 18.417 -7.153
JavaCapital 4 10.071 153 3 5 5.262 4.809
EFG-Hermes 5 6.515 99 1 31 0.014 6.501
BMOCapitalMarkets 6 0.684 10 1 18 1.448 -0.764
EightsGroupPtyLtd/The 7 0.459 7 1 - - 0.459
PeelHuntLLP 8 0.206 3 1 - - 0.206
TamesisPartnersLLP 8 0.206 3 1 - - 0.206
ShardCapitalPartnersLLP 10 0.087 1 1 - - 0.087
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 1,522 14 100%
Sub-SaharaEquity,EquityLinked&Rights1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 53.253 764 2 3 9.044 44.209
Investec 2 21.569 309 3 2 15.350 6.219
StandardBankofSouthAfrica 3 11.954 171 2 1 19.205 -7.251
JavaCapital 4 10.687 153 3 5 6.401 4.286
PSGGroupLtd 5 0.774 11 1 4 7.866 -7.092
BMOCapitalMarkets 6 0.726 10 1 15 1.761 -1.035
EightsGroupPtyLtd/The 7 0.487 7 1 - - 0.487
PeelHuntLLP 8 0.219 3 1 - - 0.219
TamesisPartnersLLP 8 0.219 3 1 - - 0.219
ShardCapitalPartnersLLP 10 0.113 2 2 - - 0.113
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 1,434 15 100%
MENAEquity,EquityLinked&Rights1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Citi 1 15.522 518 4 7 4.640 10.882
MorganStanley 2 15.293 511 3 - - 15.293
JPMorgan 3 13.320 445 2 1 18.314 -4.994
GoldmanSachs 4 10.173 340 3 4 5.669 4.504
SambaCapital 5 10.145 339 2 9 4.049 6.096
EmiratesNBDPJSC 6 9.944 332 2 5 5.339 4.605
Barclays 7 7.972 266 1 - - 7.972
EFG-Hermes 8 4.943 165 2 2 14.858 -9.915
HSBC 9 2.779 93 1 - - 2.779
NationalCommercialBank 10 2.771 93 2 11 3.221 -0.450
CreditSuisse 11 1.973 66 1 12 2.531 -0.558
Natixis 11 1.973 66 1 - - 1.973
BanqueSaudiFransi 13 1.725 58 1 - - 1.725
KuwaitFinancialCenter 14 0.323 11 1 28 0.196 0.127
BTIGLLC 15 0.229 8 1 - - 0.229
DanskeBank 15 0.229 8 1 23 0.611 -0.382
DNBASA 15 0.229 8 1 6 4.752 -4.523
EvercorePartnersInc 15 0.229 8 1 - - 0.229
FearnleySecuritiesAS 15 0.229 8 1 23 0.611 -0.382
- - - - - - - -
TOTAL 100% 3,339 10 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page14
AsiaPacificEquityReview1st3Q2019creditedAPACex-JapanEquity,EquityLinked&Rightsvolumedecreased30.77%toUSD146.7Blnwhiledealcountdecreased15.05%to1,518offeringsyear-on-year.APACex-JapanEquityIPOvolumedecreased39.75%year-on-yeartoUSD44.7Blnwhilethedealcountdecreased25.31%to475.APACex-JapanEquityLinkedvolumeincreased45.48%year-on-yeartoUSD38.2Blnover168deals.CITICSecuritiesrankedasthetopAPACex-JapanEquity,EquityLinked&Rightsunderwriterfor1st3Q2019with9.95%marketshare.Thebankunderwrote59dealsovertheperiod.GoldmanSachsandMorganStanleyrankedsecondandthirdwith6.34%and5.94%marketshare,respectively.
APACEquity,EquityLinked&Rights:Highlightsof1st3Q2019
Issuer Industry Volume(USDMln) Date
ChinaCITICBankCorpLtd Financials 5,964 03/04/2019
HuaxiaBankCoLtd Financials 4,266 01/08/2019
PingAnBankCoLtd Financials 3,837 01/17/2019
VodafoneIdeaLtd Communications 3,586 05/08/2019
BhartiAirtelLtd Communications 3,578 05/29/2019
RecruitHoldingsCoLtd ConsumerDiscretionary 3,027 09/10/2019
ChinaThreeGorgesCorp Utilities 2,977 04/04/2019
BankofJiangsuCoLtd Financials 2,975 03/14/2019
JapanPostInsuranceCoLtd Financials 2,899 04/15/2019
CGNPowerCoLtd Utilities 1,780 08/09/2019
APACEquity,EquityLinked&Rights:IndustryBreakdown
35%
11%10%
10%
9%
7%
6%
5%
7% Industry Volume(USDMln) %OfTotal %YOYChange
Financials 61,613 35.4% -18.6%
Technology 19,397 11.1% -45.0%
Communications 17,493 10.1% -29.1%
ConsumerDiscretionary 16,987 9.8% -47.6%
Industrials 15,436 8.9% -51.9%
HealthCare 11,650 6.7% -28.2%
Materials 10,113 5.8% -45.3%
Utilities 9,021 5.2% 95.4%
ConsumerStaples 6,741 3.9% -18.3%
Energy 5,591 3.2% -53.6%
Asiaex-JapanEquity,EquityLinked&Rights
Q32014
Q32014
Q32015
Q32015
Q32016
Q32016
Q32017
Q32017
Q32018
Q32018
QuartersQuarters
Q32019
Q32019
5050
100100
USDB
lnUSDB
ln
00
120120
500500
DealC
ountDealC
ount
00
1,0001,000
DealCount Add'l IPO
Rights
Australia/NewZealandEquity,EQL&Rights
Q32014
Q32014
Q32015
Q32015
Q32016
Q32016
Q32017
Q32017
Q32018
Q32018
QuartersQuarters
Q32019
Q32019
1010
USDB
lnUSDB
ln
00
2020
200200
DealC
ountDealC
ount
00
400400
DealCount Add'l IPO
Rights
ChinaEquity,EquityLinked&Rights
Q32014
Q32014
Q32015
Q32015
Q32016
Q32016
Q32017
Q32017
Q32018
Q32018
QuartersQuarters
Q32019
Q32019
200200
USDB
lnUSDB
ln
00
400400
200200
DealC
ountDealC
ount
00
400400
DealCount Add'l IPO
Rights
JapanEquity&EquityLinked
Q32014
Q32014
Q32015
Q32015
Q32016
Q32016
Q32017
Q32017
Q32018
Q32018
QuartersQuarters
Q32019
Q32019
2,0002,000
USDB
lnUSDB
ln00
3,0003,000
5050
DealC
ountDealC
ount
00
9090
DealCount Add'l IPO
Rights
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page15
Asiaex-JapanEquity,EquityLinked&Rights1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecurities 1 10.882 14,599 59 6 5.170 5.712
GoldmanSachs 2 6.702 8,991 34 1 6.780 -0.078
MorganStanley 3 6.351 8,519 51 5 6.012 0.339
ChinaInternationalCapitalCorp 4 6.080 8,157 46 4 6.088 -0.008
ChinaSecurities 5 5.217 6,999 43 2 6.477 -1.260
CreditSuisse 6 3.466 4,649 42 10 3.601 -0.135
Citi 7 3.320 4,453 52 3 6.375 -3.055
UBS 8 3.264 4,379 27 12 2.983 0.281
GuotaiJunanSecurities 9 3.198 4,291 32 8 3.825 -0.627
BankofChina 10 3.074 4,124 17 13 2.342 0.732
BankofAmericaMerrillLynch 11 2.928 3,927 18 9 3.757 -0.829
JPMorgan 12 2.782 3,732 26 11 2.995 -0.213
ChinaMerchantsSecurities 13 2.162 2,900 19 15 1.755 0.407
HSBC 14 2.124 2,849 21 19 1.306 0.818
HaitongSecurities 15 1.748 2,345 43 14 1.908 -0.160
HuataiSecurities 16 1.719 2,307 19 7 4.030 -2.311
MinshengSecurities 17 1.482 1,988 10 37 0.455 1.027
GuosenSecurities 18 1.298 1,741 15 18 1.439 -0.141
GFSecurities 19 1.270 1,704 19 24 0.822 0.448
KotakMahindraBankLtd 20 1.247 1,673 8 26 0.714 0.533
TOTAL 100% 134,153 1,050 100%
Asiaex-JapanEquity,EQL&Rightsex-CHAShares1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 11.722 8,108 49 1 9.387 2.335
GoldmanSachs 2 8.981 6,212 28 3 9.138 -0.157
CreditSuisse 3 6.374 4,409 41 5 5.454 0.920
BankofAmericaMerrillLynch 4 5.678 3,927 18 4 6.007 -0.329
JPMorgan 5 5.396 3,732 26 7 4.578 0.818
Citi 6 5.143 3,557 49 2 9.338 -4.195
HSBC 7 4.120 2,849 21 10 2.088 2.032
UBS 8 3.924 2,714 24 6 4.619 -0.695
ChinaInternationalCapitalCorp 9 3.051 2,110 25 13 2.044 1.007
KotakMahindraBankLtd 10 2.419 1,673 8 20 1.142 1.277
AxisBankLtd 11 1.939 1,341 13 22 0.979 0.960
DBSGroup 12 1.874 1,296 22 19 1.242 0.632
ICICI 13 1.867 1,291 10 24 0.873 0.994
HaitongSecurities 14 1.650 1,141 34 11 2.080 -0.430
CITICSecurities 15 1.401 969 19 12 2.075 -0.674
ChinaMerchantsBank 16 1.307 904 14 14 2.000 -0.693
CIMB 17 1.259 870 10 56 0.243 1.016
BangkokBankPCL 18 1.257 870 7 26 0.815 0.442
BNPParibas 19 1.230 850 9 8 2.331 -1.101
StateBankofIndia 20 1.225 847 3 23 0.916 0.309
TOTAL 100% 69,167 754 100%
Asiaex-JapanEquity&EquityLinked1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecurities 1 11.775 14,599 59 6 5.283 6.492
GoldmanSachs 2 6.674 8,275 33 1 7.041 -0.367
ChinaInternationalCapitalCorp 3 6.578 8,157 46 3 6.443 0.135
MorganStanley 4 6.293 7,802 50 4 6.363 -0.070
ChinaSecurities 5 5.645 6,999 43 5 6.326 -0.681
Citi 6 3.578 4,437 51 2 6.622 -3.044
UBS 7 3.532 4,379 27 12 2.943 0.589
CreditSuisse 8 3.526 4,371 40 10 3.643 -0.117
GuotaiJunanSecurities 9 3.461 4,291 32 9 3.886 -0.425
BankofChina 10 3.326 4,124 17 13 2.478 0.848
BankofAmericaMerrillLynch 11 2.589 3,210 17 8 3.956 -1.367
JPMorgan 12 2.419 2,999 24 11 3.035 -0.616
ChinaMerchantsSecurities 13 2.290 2,840 18 14 1.858 0.432
HuataiSecurities 14 1.860 2,307 19 7 4.265 -2.405
HSBC 15 1.691 2,097 19 17 1.382 0.309
MinshengSecurities 16 1.603 1,988 10 32 0.482 1.121
HaitongSecurities 17 1.327 1,646 41 15 1.857 -0.530
GFSecurities 18 1.251 1,552 18 24 0.870 0.381
DBSGroup 19 0.989 1,226 19 31 0.533 0.456
DongxingSecurities 20 0.962 1,193 14 29 0.628 0.334
TOTAL 100% 123,989 1,020 100%
Asiaex-JapanEquityLinked1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecurities 1 18.861 7,015 13 5 3.936 14.925
GoldmanSachs 2 9.420 3,503 10 1 12.830 -3.410
ChinaInternationalCapitalCorp 3 6.960 2,588 4 7 3.403 3.557
ChinaSecurities 4 6.626 2,464 9 2 11.554 -4.928
BankofChina 5 6.392 2,377 3 10 2.918 3.474
CreditSuisse 6 4.155 1,545 10 3 7.962 -3.807
GuotaiJunanSecurities 7 3.995 1,486 7 16 2.189 1.806
UBS 8 3.759 1,398 5 18 1.962 1.797
Citi 9 3.676 1,367 7 6 3.452 0.224
JPMorgan 10 3.392 1,262 8 4 6.653 -3.261
HuataiSecurities 11 3.351 1,246 5 9 3.041 0.310
MorganStanley 12 2.867 1,066 8 15 2.244 0.623
BankofAmericaMerrillLynch 13 2.844 1,058 5 21 1.790 1.054
ChinaMerchantsSecurities 14 1.488 553 4 17 2.037 -0.549
ChinaGalaxyFinancialHoldings 15 1.400 521 1 20 1.815 -0.415
ShenwanHongyuanGroup 16 1.094 407 2 23 1.357 -0.263
GFSecurities 17 1.043 388 5 27 0.902 0.141
MinshengSecurities 18 1.024 381 3 13 2.507 -1.483
GreatWallGlorySecuritiesCoLtd 19 1.001 372 1 - - 1.001
DeutscheBank 20 0.979 364 4 11 2.786 -1.807
TOTAL 100% 37,190 166 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page16
Asiaex-JapanEquityLinkedex-ChinaExchanges1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CreditSuisse 1 15.656 1,545 10 2 14.668 0.988
GoldmanSachs 2 12.941 1,277 7 1 18.941 -6.000
JPMorgan 3 12.783 1,262 8 3 12.256 0.527
BankofAmericaMerrillLynch 4 10.717 1,058 5 12 3.298 7.419
MorganStanley 5 9.218 910 7 8 4.134 5.084
Citi 6 6.317 623 6 4 6.358 -0.041
UBS 7 4.092 404 4 10 3.615 0.477
HSBC 8 3.562 352 3 13 2.500 1.062
KGISecurities 9 3.498 345 9 18 1.149 2.349
BNPParibas 10 2.791 275 3 6 5.055 -2.264
YuantaSecurities 11 2.394 236 4 15 1.387 1.007
CIMB 12 2.364 233 2 17 1.183 1.181
DeutscheBank 13 2.343 231 2 5 5.133 -2.790
DBSGroup 14 1.842 182 2 22 0.369 1.473
CITICSecurities 15 1.368 135 1 9 3.908 -2.540
Barclays 16 1.145 113 1 - - 1.145
HuataiSecurities 17 0.760 75 1 - - 0.760
CGS-CIMBSecuritiesInternationalPteLtd 18 0.608 60 1 - - 0.608
CTBCFinancialHolding 19 0.492 49 1 - - 0.492
E.SunFinancialHoldingCoLtd 19 0.492 49 1 - - 0.492
TOTAL 100% 9,869 86 100%
Asiaex-JapanEquityOfferings1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecurities 1 7.822 7,585 46 6 5.357 2.465
MorganStanley 2 7.686 7,453 43 2 6.583 1.103
ChinaInternationalCapitalCorp 3 5.743 5,568 42 3 6.494 -0.751
GoldmanSachs 4 5.660 5,488 24 4 5.863 -0.203
ChinaSecurities 5 4.677 4,535 34 5 5.708 -1.031
CreditSuisse 6 3.202 3,104 32 11 2.940 0.262
Citi 7 3.183 3,086 45 1 6.818 -3.635
UBS 8 3.074 2,981 22 10 3.137 -0.063
BankofAmericaMerrillLynch 9 2.960 2,870 13 9 4.055 -1.095
GuotaiJunanSecurities 10 2.893 2,805 25 8 4.073 -1.180
HSBC 11 2.576 2,498 18 19 1.298 1.278
JPMorgan 12 2.548 2,471 18 12 2.440 0.108
ChinaMerchantsSecurities 13 2.420 2,347 15 15 1.713 0.707
HaitongSecurities 14 2.324 2,254 41 14 1.717 0.607
BankofChina 15 1.801 1,746 14 13 2.254 -0.453
KotakMahindraBankLtd 16 1.725 1,673 8 25 0.822 0.903
GuosenSecurities 17 1.658 1,608 12 16 1.620 0.038
MinshengSecurities 18 1.658 1,607 7 71 0.144 1.514
AxisBankLtd 19 1.383 1,341 13 28 0.705 0.678
GFSecurities 20 1.357 1,316 14 26 0.810 0.547
TOTAL 100% 96,963 884 100%
Asiaex-JapanEquityIPO1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
ChinaInternationalCapitalCorp 1 9.260 4,078 34 1 9.857 -0.597
CITICSecurities 2 8.984 3,956 28 3 4.143 4.841
ChinaSecurities 3 5.742 2,529 21 12 2.796 2.946
MorganStanley 4 3.737 1,645 16 4 4.070 -0.333
ChinaMerchantsSecurities 5 3.591 1,581 12 8 3.428 0.163
HaitongSecurities 6 3.021 1,330 33 15 2.415 0.606
GuotaiJunanSecurities 7 2.920 1,286 18 19 1.797 1.123
CreditSuisse 8 2.838 1,250 15 6 3.635 -0.797
BankofChina 9 2.012 886 12 22 1.378 0.634
DongxingSecurities 10 1.769 779 7 61 0.217 1.552
HuataiSecurities 11 1.756 773 9 9 2.959 -1.203
Citi 12 1.646 725 13 7 3.537 -1.891
GoldmanSachs 13 1.617 712 7 2 6.166 -4.549
GuosenSecurities 14 1.540 678 6 23 1.196 0.344
ChangjiangSecurities 15 1.511 665 5 62 0.210 1.301
BangkokBankPCL 16 1.500 660 4 - - 1.500
ChinaMerchantsBank 17 1.488 655 13 11 2.796 -1.308
JPMorgan 18 1.484 653 5 13 2.624 -1.140
ZhongtaiSecurities 19 1.446 637 9 43 0.397 1.049
HSBC 20 1.346 593 5 20 1.710 -0.364
TOTAL 100% 44,035 451 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page17
APACEquity,EquityLinked&Rights1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecurities 1 8.964 14,599 59 7 4.193 4.771
MorganStanley 2 6.718 10,941 70 1 6.862 -0.144
GoldmanSachs 3 6.410 10,439 43 2 6.703 -0.293
ChinaInternationalCapitalCorp 4 5.008 8,157 46 5 4.937 0.071
UBS 5 4.583 7,463 53 6 4.277 0.306
ChinaSecurities 6 4.298 6,999 43 4 5.253 -0.955
JPMorgan 7 3.913 6,373 45 8 4.145 -0.232
Citi 8 3.850 6,270 62 3 6.175 -2.325
CreditSuisse 9 3.386 5,515 50 12 3.073 0.313
BankofAmericaMerrillLynch 10 3.311 5,392 25 9 3.607 -0.296
GuotaiJunanSecurities 11 2.635 4,291 32 11 3.102 -0.467
Nomura 12 2.567 4,180 49 13 2.453 0.114
BankofChina 13 2.532 4,124 17 16 1.899 0.633
ChinaMerchantsSecurities 14 1.781 2,900 19 19 1.424 0.357
HSBC 15 1.750 2,849 21 24 1.059 0.691
MizuhoFinancial 16 1.509 2,458 28 20 1.375 0.134
SumitomoMitsuiFinancial 17 1.483 2,414 38 15 1.965 -0.482
HaitongSecurities 18 1.448 2,359 44 18 1.547 -0.099
HuataiSecurities 19 1.416 2,307 19 10 3.268 -1.852
MinshengSecurities 20 1.221 1,988 10 43 0.369 0.852
TOTAL 100% 162,861 1,629 100%
APACEquity&EquityLinked1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecurities 1 9.629 14,599 59 6 4.396 5.233
MorganStanley 2 6.743 10,223 69 3 6.454 0.289
GoldmanSachs 3 6.413 9,724 42 1 7.110 -0.697
ChinaInternationalCapitalCorp 4 5.380 8,157 46 4 5.362 0.018
UBS 5 4.916 7,453 52 10 3.309 1.607
ChinaSecurities 6 4.616 6,999 43 5 5.264 -0.648
Citi 7 4.063 6,161 60 2 6.602 -2.539
JPMorgan 8 3.720 5,641 43 7 4.218 -0.498
CreditSuisse 9 3.428 5,198 47 12 3.197 0.231
BankofAmericaMerrillLynch 10 3.083 4,675 24 8 3.900 -0.817
GuotaiJunanSecurities 11 2.830 4,291 32 11 3.234 -0.404
Nomura 12 2.757 4,180 49 13 2.552 0.205
BankofChina 13 2.720 4,124 17 15 2.062 0.658
ChinaMerchantsSecurities 14 1.873 2,840 18 18 1.546 0.327
MizuhoFinancial 15 1.621 2,458 28 20 1.493 0.128
SumitomoMitsuiFinancial 16 1.592 2,414 38 14 2.134 -0.542
HuataiSecurities 17 1.521 2,307 19 9 3.549 -2.028
HSBC 18 1.383 2,097 19 21 1.150 0.233
MinshengSecurities 19 1.311 1,988 10 37 0.401 0.910
DaiwaSecurities 20 1.193 1,808 27 17 1.718 -0.525
TOTAL 100% 151,619 1,552 100%
APACEquityOfferings1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 8.050 9,157 61 2 7.031 1.019
CITICSecurities 2 6.668 7,585 46 5 4.564 2.104
GoldmanSachs 3 5.449 6,198 31 3 6.286 -0.837
UBS 4 5.324 6,055 47 10 3.569 1.755
ChinaInternationalCapitalCorp 5 4.895 5,568 42 4 5.754 -0.859
Citi 6 4.126 4,693 52 1 7.184 -3.058
ChinaSecurities 7 3.987 4,535 34 6 4.547 -0.560
JPMorgan 8 3.762 4,279 34 8 3.922 -0.160
Nomura 9 3.519 4,003 46 13 2.203 1.316
CreditSuisse 10 3.211 3,653 37 12 2.559 0.652
BankofAmericaMerrillLynch 11 3.092 3,517 18 7 4.278 -1.186
GuotaiJunanSecurities 12 2.466 2,805 25 11 3.452 -0.986
MizuhoFinancial 13 2.161 2,458 28 17 1.536 0.625
ChinaMerchantsSecurities 14 2.010 2,286 14 18 1.517 0.493
SumitomoMitsuiFinancial 15 1.922 2,186 36 14 2.159 -0.237
DaiwaSecurities 16 1.590 1,808 27 19 1.380 0.210
BankofChina 17 1.535 1,746 14 15 1.997 -0.462
HSBC 18 1.534 1,745 16 23 1.150 0.384
MinshengSecurities 19 1.413 1,607 7 73 0.128 1.285
HaitongSecurities 20 1.378 1,568 40 20 1.365 0.013
TOTAL 100% 113,746 1,381 100%
APACEquityLinked1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecurities 1 18.521 7,015 13 7 3.337 15.184
GoldmanSachs 2 9.311 3,526 11 1 12.309 -2.998
ChinaInternationalCapitalCorp 3 6.834 2,588 4 10 2.885 3.949
ChinaSecurities 4 6.507 2,464 9 2 9.794 -3.287
BankofChina 5 6.277 2,377 3 14 2.474 3.803
CreditSuisse 6 4.080 1,545 10 3 7.228 -3.148
GuotaiJunanSecurities 7 3.923 1,486 7 19 1.855 2.068
Citi 8 3.875 1,467 8 9 2.926 0.949
UBS 9 3.691 1,398 5 21 1.663 2.028
JPMorgan 10 3.596 1,362 9 4 6.085 -2.489
HuataiSecurities 11 3.291 1,246 5 13 2.578 0.713
BankofAmericaMerrillLynch 12 3.057 1,158 6 24 1.517 1.540
MorganStanley 13 2.816 1,066 8 11 2.813 0.003
ChinaMerchantsSecurities 14 1.461 553 4 20 1.727 -0.266
ChinaGalaxyFinancialHoldings 15 1.375 521 1 23 1.539 -0.164
ShenwanHongyuanGroup 16 1.074 407 2 27 1.150 -0.076
GFSecurities 17 1.024 388 5 31 0.765 0.259
MinshengSecurities 18 1.005 381 3 16 2.125 -1.120
GreatWallGlorySecuritiesCoLtd 19 0.983 372 1 - - 0.983
DeutscheBank 20 0.962 364 4 8 3.293 -2.331
TOTAL 100% 37,873 171 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page18
APACex-JapanEquity,EquityLinked&Rights1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecurities 1 9.951 14,599 59 6 4.739 5.212
GoldmanSachs 2 6.342 9,305 37 3 6.366 -0.024
MorganStanley 3 5.944 8,720 54 1 6.576 -0.632
ChinaInternationalCapitalCorp 4 5.560 8,157 46 5 5.580 -0.020
UBS 5 4.987 7,317 51 7 4.697 0.290
ChinaSecurities 6 4.771 6,999 43 4 5.937 -1.166
Citi 7 4.132 6,062 59 2 6.558 -2.426
JPMorgan 8 3.850 5,649 44 12 3.176 0.674
CreditSuisse 9 3.579 5,250 49 11 3.400 0.179
BankofAmericaMerrillLynch 10 3.042 4,463 21 8 3.760 -0.718
GuotaiJunanSecurities 11 2.925 4,291 32 10 3.506 -0.581
BankofChina 12 2.811 4,124 17 14 2.146 0.665
ChinaMerchantsSecurities 13 1.977 2,900 19 16 1.609 0.368
HSBC 14 1.942 2,849 21 20 1.197 0.745
HaitongSecurities 15 1.608 2,359 44 15 1.749 -0.141
HuataiSecurities 16 1.572 2,307 19 9 3.694 -2.122
MinshengSecurities 17 1.355 1,988 10 39 0.417 0.938
GuosenSecurities 18 1.187 1,741 15 18 1.319 -0.132
GFSecurities 19 1.161 1,704 19 25 0.754 0.407
KotakMahindraBankLtd 20 1.140 1,673 8 27 0.655 0.485
TOTAL 100% 146,706 1,518 100%
APACex-JapanEquity&EquityLinked1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecurities 1 10.777 14,599 59 6 5.025 5.752
GoldmanSachs 2 6.340 8,589 36 2 6.798 -0.458
ChinaInternationalCapitalCorp 3 6.021 8,157 46 3 6.129 -0.108
MorganStanley 4 5.907 8,003 53 4 6.082 -0.175
UBS 5 5.394 7,307 50 10 3.631 1.763
ChinaSecurities 6 5.167 6,999 43 5 6.017 -0.850
Citi 7 4.394 5,952 57 1 7.084 -2.690
CreditSuisse 8 3.641 4,933 46 11 3.575 0.066
JPMorgan 9 3.629 4,916 42 12 3.164 0.465
GuotaiJunanSecurities 10 3.167 4,291 32 9 3.697 -0.530
BankofChina 11 3.044 4,124 17 13 2.357 0.687
BankofAmericaMerrillLynch 12 2.765 3,746 20 7 4.110 -1.345
ChinaMerchantsSecurities 13 2.096 2,840 18 15 1.767 0.329
HuataiSecurities 14 1.703 2,307 19 8 4.057 -2.354
HSBC 15 1.548 2,097 19 17 1.315 0.233
MinshengSecurities 16 1.468 1,988 10 33 0.458 1.010
HaitongSecurities 17 1.225 1,659 42 16 1.767 -0.542
GFSecurities 18 1.145 1,552 18 24 0.828 0.317
DBSGroup 19 0.905 1,226 19 31 0.507 0.398
DongxingSecurities 20 0.880 1,193 14 29 0.598 0.282
TOTAL 100% 135,465 1,441 100%
APACex-JapanEquityOfferings1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecurities 1 7.741 7,585 46 5 5.209 2.532
MorganStanley 2 7.080 6,936 45 2 6.691 0.389
UBS 3 6.031 5,909 45 10 3.899 2.132
ChinaInternationalCapitalCorp 4 5.683 5,568 42 3 6.567 -0.884
GoldmanSachs 5 5.191 5,086 26 4 5.810 -0.619
ChinaSecurities 6 4.629 4,535 34 6 5.189 -0.560
Citi 7 4.577 4,485 49 1 7.665 -3.088
JPMorgan 8 3.628 3,554 33 12 2.640 0.988
CreditSuisse 9 3.458 3,388 36 11 2.828 0.630
GuotaiJunanSecurities 10 2.863 2,805 25 9 3.941 -1.078
BankofAmericaMerrillLynch 11 2.641 2,588 14 7 4.480 -1.839
ChinaMerchantsSecurities 12 2.334 2,286 14 15 1.732 0.602
BankofChina 13 1.782 1,746 14 13 2.280 -0.498
HSBC 14 1.781 1,745 16 19 1.313 0.468
MinshengSecurities 15 1.641 1,607 7 69 0.146 1.495
HaitongSecurities 16 1.600 1,568 40 16 1.558 0.042
Macquarie 17 1.194 1,170 16 35 0.443 0.751
GFSecurities 18 1.188 1,164 13 24 0.819 0.369
HuataiSecurities 19 1.082 1,060 14 8 4.227 -3.145
DBSGroup 20 1.066 1,044 17 29 0.555 0.511
TOTAL 100% 97,974 1,274 100%
APACex-JapanEquityIPO1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
ChinaInternationalCapitalCorp 1 9.118 4,078 34 1 9.485 -0.367
CITICSecurities 2 8.846 3,956 28 4 3.986 4.860
ChinaSecurities 3 5.654 2,529 21 13 2.690 2.964
MorganStanley 4 3.679 1,645 16 5 3.916 -0.237
ChinaMerchantsSecurities 5 3.536 1,581 12 9 3.299 0.237
HaitongSecurities 6 3.005 1,344 34 16 2.324 0.681
GuotaiJunanSecurities 7 2.875 1,286 18 19 1.730 1.145
CreditSuisse 8 2.794 1,250 15 7 3.498 -0.704
BankofChina 9 1.981 886 12 22 1.326 0.655
GoldmanSachs 10 1.762 788 8 2 5.934 -4.172
DongxingSecurities 11 1.742 779 7 63 0.209 1.533
HuataiSecurities 12 1.729 773 9 10 2.847 -1.118
Citi 13 1.621 725 13 8 3.404 -1.783
GuosenSecurities 14 1.516 678 6 23 1.150 0.366
JPMorgan 15 1.513 677 6 14 2.525 -1.012
ChangjiangSecurities 16 1.488 665 5 64 0.202 1.286
BangkokBankPCL 17 1.477 660 4 - - 1.477
ChinaMerchantsBank 18 1.465 655 13 12 2.691 -1.226
ZhongtaiSecurities 19 1.424 637 9 43 0.382 1.042
HSBC 20 1.326 593 5 20 1.646 -0.320
TOTAL 100% 44,722 475 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page19
APACex-JapanEquityLinked1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecurities 1 18.376 7,015 13 5 3.792 14.584
GoldmanSachs 2 9.178 3,503 10 1 12.904 -3.726
ChinaInternationalCapitalCorp 3 6.781 2,588 4 8 3.279 3.502
ChinaSecurities 4 6.456 2,464 9 2 11.130 -4.674
BankofChina 5 6.228 2,377 3 11 2.811 3.417
CreditSuisse 6 4.048 1,545 10 3 8.215 -4.167
GuotaiJunanSecurities 7 3.893 1,486 7 16 2.109 1.784
Citi 8 3.844 1,467 8 7 3.325 0.519
UBS 9 3.662 1,398 5 19 1.890 1.772
JPMorgan 10 3.568 1,362 9 4 6.409 -2.841
HuataiSecurities 11 3.265 1,246 5 10 2.929 0.336
BankofAmericaMerrillLynch 12 3.034 1,158 6 22 1.724 1.310
MorganStanley 13 2.794 1,066 8 15 2.162 0.632
PingAnInsuranceGroup 14 1.675 639 1 27 0.898 0.777
ChinaMerchantsSecurities 15 1.449 553 4 18 1.962 -0.513
ChinaGalaxyFinancialHoldings 16 1.364 521 1 21 1.748 -0.384
ShenwanHongyuanGroup 17 1.066 407 2 24 1.307 -0.241
GFSecurities 18 1.016 388 5 28 0.869 0.147
MinshengSecurities 19 0.997 381 3 13 2.415 -1.418
GreatWallGlorySecuritiesCoLtd 20 0.976 372 1 - - 0.976
TOTAL 100% 38,172 168 100%
APACex-JapanEquity,EQL&Rightsex-CHAShrs1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 10.167 8,308 52 1 9.818 0.349
GoldmanSachs 2 7.986 6,526 31 3 8.209 -0.223
UBS 3 6.916 5,652 48 4 7.021 -0.105
JPMorgan 4 6.912 5,649 44 7 4.653 2.259
Citi 5 6.321 5,166 56 2 9.240 -2.919
CreditSuisse 6 6.130 5,009 48 6 4.913 1.217
BankofAmericaMerrillLynch 7 5.461 4,463 21 5 5.726 -0.265
HSBC 8 3.487 2,849 21 11 1.823 1.664
ChinaInternationalCapitalCorp 9 2.582 2,110 25 14 1.784 0.798
KotakMahindraBankLtd 10 2.047 1,673 8 21 0.997 1.050
Macquarie 11 1.663 1,359 20 10 1.957 -0.294
AxisBankLtd 12 1.641 1,341 13 23 0.855 0.786
DBSGroup 13 1.586 1,296 22 20 1.085 0.501
ICICI 14 1.580 1,291 10 25 0.762 0.818
DeutscheBank 15 1.498 1,224 15 8 2.904 -1.406
HaitongSecurities 16 1.413 1,155 35 12 1.816 -0.403
CITICSecurities 17 1.186 969 19 13 1.811 -0.625
ChinaMerchantsBank 18 1.106 904 14 15 1.746 -0.640
CIMB 19 1.065 870 10 60 0.212 0.853
BangkokBankPCL 20 1.064 870 7 27 0.712 0.352
TOTAL 100% 81,720 1,222 100%
Australia/NewZealandMid-MarketEquity&Rights1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BellPotterSecuritiesLtd 1 19.013 598 53 3 7.457 11.556
Morgans 2 10.987 345 25 2 7.704 3.283
TaylorCollisonLtd 3 7.076 222 21 7 4.184 2.892
OrdMinnettLtd 4 6.441 203 9 11 2.855 3.586
CommonwealthBankAustralia 5 4.870 153 3 - - 4.870
NationalAustraliaBank 6 4.409 139 4 9 3.789 0.620
CanaccordGenuity 7 4.341 136 16 4 4.608 -0.267
WilsonsCorporateFinanceLtd 8 4.315 136 6 13 2.584 1.731
Macquarie 9 3.251 102 4 1 10.710 -7.459
EurozSecurities 10 3.038 96 13 8 4.032 -0.994
Shaw&PartnersLtd 11 2.869 90 9 21 1.207 1.662
ArgonautLtd 12 2.763 87 11 12 2.665 0.098
PatersonsSecuritiesLtd 13 2.153 68 36 10 2.980 -0.827
HartleysLtd 14 1.891 59 23 6 4.463 -2.572
PACPartnersPtyLtd 15 1.510 47 16 19 1.317 0.193
BridgeStreetCapitalPartnersPtyLtd 16 1.326 42 10 86 0.070 1.256
PetraCapitalPtyLtd 17 1.265 40 7 40 0.471 0.794
CreditSuisse 18 1.244 39 1 15 1.917 -0.673
BlueOceanEquitiesPtyLtd 19 1.137 36 9 25 0.995 0.142
JPMorgan 20 0.930 29 1 5 4.573 -3.643
TOTAL 100% 3,144 399 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page20
Australia/NewZealandEquity,EQL&Rights1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
UBS 1 20.630 2,938 24 1 21.403 -0.773
JPMorgan 2 13.458 1,917 18 6 4.701 8.757
Citi 3 11.292 1,608 7 4 7.787 3.505
Macquarie 4 9.433 1,343 19 2 13.100 -3.667
BellPotterSecuritiesLtd 5 4.629 659 55 8 3.301 1.328
CreditSuisse 6 4.217 601 7 16 1.083 3.134
BankofAmericaMerrillLynch 7 3.760 535 3 7 3.445 0.315
DeutscheBank 8 3.164 451 3 5 7.443 -4.279
Morgans 9 3.027 431 27 9 3.291 -0.264
OrdMinnettLtd 10 2.591 369 15 13 1.713 0.878
GoldmanSachs 11 2.202 314 3 14 1.655 0.547
TaylorCollisonLtd 12 2.012 287 26 12 1.797 0.215
CommonwealthBankAustralia 13 1.817 259 8 27 0.308 1.509
NationalAustraliaBank 14 1.716 244 7 15 1.432 0.284
WilsonsCorporateFinanceLtd 15 1.694 241 11 11 1.838 -0.144
MorganStanley 16 1.558 222 4 3 12.378 -10.820
Shaw&PartnersLtd 17 1.452 207 11 24 0.393 1.059
ForsythBarrLtd 18 1.077 153 4 61 0.047 1.030
EurozSecurities 19 0.986 140 15 18 0.819 0.167
CanaccordGenuity 20 0.958 136 16 17 1.048 -0.090
TOTAL 100% 14,242 483 100%
Australia/NewZealandEquity&RightsOfferings1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
UBS 1 21.076 2,938 24 1 22.050 -0.974
JPMorgan 2 13.029 1,816 17 6 4.843 8.186
Citi 3 10.816 1,508 6 4 8.022 2.794
Macquarie 4 9.637 1,343 19 2 13.495 -3.858
BellPotterSecuritiesLtd 5 4.729 659 55 8 3.400 1.329
CreditSuisse 6 4.308 601 7 26 0.350 3.958
DeutscheBank 7 3.232 451 3 5 6.180 -2.948
BankofAmericaMerrillLynch 8 3.121 435 2 7 3.549 -0.428
Morgans 9 3.093 431 27 9 3.390 -0.297
OrdMinnettLtd 10 2.647 369 15 13 1.765 0.882
GoldmanSachs 11 2.250 314 3 16 0.939 1.311
TaylorCollisonLtd 12 2.055 287 26 12 1.851 0.204
CommonwealthBankAustralia 13 1.856 259 8 27 0.317 1.539
NationalAustraliaBank 14 1.753 244 7 14 1.475 0.278
WilsonsCorporateFinanceLtd 15 1.731 241 11 11 1.894 -0.163
MorganStanley 16 1.591 222 4 3 12.752 -11.161
Shaw&PartnersLtd 17 1.484 207 11 23 0.404 1.080
ForsythBarrLtd 18 1.100 153 4 61 0.048 1.052
EurozSecurities 19 1.007 140 15 17 0.844 0.163
CanaccordGenuity 20 0.979 136 16 15 1.080 -0.101
TOTAL 100% 13,941 482 100%
ChinaEquity,EquityLinked&Rights1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(CNYMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecurities 1 20.930 92,769 40 4 10.401 10.529
ChinaSecurities 2 10.545 46,736 37 1 16.050 -5.505
ChinaInternationalCapitalCorp 3 9.343 41,409 21 2 12.862 -3.519
BankofChina 4 5.955 26,396 7 6 5.024 0.931
GuotaiJunanSecurities 5 5.729 25,394 19 5 9.026 -3.297
GoldmanSachs 6 4.237 18,778 6 8 2.795 1.442
ChinaMerchantsSecurities 7 3.911 17,333 14 9 2.213 1.698
HuataiSecurities 8 3.204 14,202 14 3 10.467 -7.263
MinshengSecurities 9 3.083 13,666 10 15 1.436 1.647
GuosenSecurities 10 2.685 11,899 15 7 3.915 -1.230
GFSecurities 11 2.624 11,629 19 10 2.114 0.510
UBS 12 2.533 11,227 3 39 0.247 2.286
HaitongSecurities 13 1.839 8,152 9 11 1.643 0.196
DongxingSecurities 14 1.824 8,083 13 13 1.531 0.293
GuoyuanSecurities 15 1.552 6,880 8 25 0.685 0.867
Citi 16 1.360 6,027 3 16 1.413 -0.053
ChangjiangSecurities 17 1.339 5,935 7 18 1.188 0.151
ChinaGalaxyFinancialHoldings 18 1.288 5,709 4 21 0.851 0.437
EssenceSecurities 19 1.269 5,627 11 26 0.608 0.661
ZhongtaiSecurities 20 1.226 5,435 6 20 0.899 0.327
TOTAL 100% 443,225 296 100%
ChinaEquityIPO1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(CNYMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CITICSecurities 1 17.349 25,219 18 2 10.489 6.860
ChinaInternationalCapitalCorp 2 12.792 18,594 13 1 28.367 -15.575
ChinaSecurities 3 11.356 16,507 15 4 6.266 5.090
ChinaMerchantsSecurities 4 5.598 8,138 7 6 4.606 0.992
GuotaiJunanSecurities 5 4.379 6,365 6 7 3.374 1.005
DongxingSecurities 6 3.640 5,291 6 23 0.748 2.892
GuosenSecurities 7 3.193 4,641 6 5 4.806 -1.613
BankofChina 8 3.129 4,549 3 - - 3.129
ChangjiangSecurities 9 3.092 4,495 5 21 0.878 2.214
HuataiSecurities 10 2.993 4,351 5 3 10.274 -7.281
MinshengSecurities 11 2.843 4,132 4 38 0.265 2.578
GFSecurities 12 2.609 3,792 7 9 3.111 -0.502
ZhongtaiSecurities 13 2.551 3,709 4 - - 2.551
EssenceSecurities 14 2.474 3,596 5 32 0.446 2.028
HaitongSecurities 15 2.393 3,478 5 12 2.142 0.251
SoochowSecurities 16 1.768 2,569 2 28 0.467 1.301
TianfengSecurities 17 1.708 2,483 2 - - 1.708
ChinaDevelopmentBank 18 1.442 2,096 1 - - 1.442
ShenwanHongyuanGroup 19 1.259 1,831 2 - - 1.259
GoldmanSachs 20 1.207 1,755 1 11 2.234 -1.027
TOTAL 100% 145,364 124 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page21
HongKongEquity&RightsOfferings1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 12.369 2,364 20 1 13.086 -0.717
GoldmanSachs 2 11.932 2,281 11 4 7.211 4.721
ChinaInternationalCapitalCorp 3 7.164 1,369 19 7 3.495 3.669
UBS 4 6.657 1,272 13 5 6.222 0.435
HSBC 5 5.310 1,015 9 9 3.289 2.021
HaitongSecurities 6 5.109 976 31 10 3.271 1.838
Citi 7 3.794 725 10 3 7.722 -3.928
ChinaMerchantsBank 8 3.714 710 13 6 4.439 -0.725
GuotaiJunanSecurities 9 3.091 591 13 17 1.818 1.273
ChinaConstructionBank 10 2.861 547 13 11 3.241 -0.380
CITICSecurities 11 2.718 519 10 15 2.439 0.279
CreditSuisse 12 2.699 516 6 21 1.130 1.569
AgriculturalBankofChina 13 2.591 495 17 8 3.354 -0.763
Industrial&CommBankofChina 14 2.366 452 12 13 3.065 -0.699
ChinaMerchantsSecurities 15 2.074 396 5 12 3.241 -1.167
BankofCommunications 16 1.771 339 12 25 0.824 0.947
AMTDGlobalMarketsLtd 17 1.516 290 11 20 1.383 0.133
BankofChina 18 1.371 262 10 18 1.718 -0.347
EverbrightSecurities 19 1.306 250 8 34 0.316 0.990
BNPParibas 20 1.264 242 3 16 2.021 -0.757
TOTAL 100% 19,114 186 100%
HongKongEquityOfferings1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 12.569 2,364 20 1 13.363 -0.794
GoldmanSachs 2 12.125 2,281 11 4 7.364 4.761
ChinaInternationalCapitalCorp 3 7.280 1,369 19 7 3.569 3.711
UBS 4 6.765 1,272 13 5 6.354 0.411
HSBC 5 5.396 1,015 9 9 3.359 2.037
HaitongSecurities 6 4.504 847 30 14 2.784 1.720
Citi 7 3.855 725 10 3 7.886 -4.031
ChinaMerchantsBank 8 3.775 710 13 6 4.532 -0.757
GuotaiJunanSecurities 9 3.141 591 13 20 1.301 1.840
ChinaConstructionBank 10 2.818 530 12 10 3.310 -0.492
CITICSecurities 11 2.762 519 10 15 2.490 0.272
CreditSuisse 12 2.743 516 6 21 1.154 1.589
AgriculturalBankofChina 13 2.633 495 17 8 3.425 -0.792
Industrial&CommBankofChina 14 2.404 452 12 12 3.130 -0.726
ChinaMerchantsSecurities 15 2.107 396 5 11 3.310 -1.203
BankofCommunications 16 1.800 339 12 25 0.842 0.958
AMTDGlobalMarketsLtd 17 1.541 290 11 19 1.413 0.128
BankofChina 18 1.393 262 10 17 1.755 -0.362
EverbrightSecurities 19 1.327 250 8 33 0.322 1.005
BNPParibas 20 1.285 242 3 16 1.940 -0.655
TOTAL 100% 18,810 174 100%
IndiaEquity&RightsOffering1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(INRMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BankofAmericaMerrillLynch 1 12.237 142,562 6 10 3.456 8.781
MorganStanley 2 11.730 136,654 7 6 7.770 3.960
KotakMahindraBankLtd 3 10.050 117,081 8 2 10.587 -0.537
AxisBankLtd 4 8.054 93,822 13 3 9.064 -1.010
GoldmanSachs 5 7.995 93,144 6 16 1.620 6.375
ICICI 6 7.763 90,442 10 5 8.058 -0.295
Citi 7 7.328 85,368 15 1 16.723 -9.395
HSBC 8 5.798 67,542 5 27 0.366 5.432
JPMorgan 9 5.540 64,534 3 12 2.634 2.906
StateBankofIndia 10 5.073 59,101 3 4 8.387 -3.314
HDFCBank 11 4.499 52,408 2 8 3.720 0.779
JMFinancialLtd 12 2.306 26,862 9 7 4.907 -2.601
Nomura 13 1.829 21,311 4 22 0.714 1.115
CITICSecurities 14 1.286 14,978 3 14 1.895 -0.609
EdelweissFinancialServicesLtd 15 1.186 13,811 5 9 3.618 -2.432
IIFLHoldingsLtd 16 1.163 13,553 4 11 3.151 -1.988
CreditSuisse 17 0.856 9,968 3 13 2.149 -1.293
YesBank 18 0.811 9,451 4 18 0.881 -0.070
MonarchNetworthCapitalLtd 19 0.712 8,293 3 43 0.075 0.637
DeutscheBank 20 0.649 7,560 2 - - 0.649
TOTAL 100% 1,164,975 97 100%
IndonesiaEquity&RightsOffering1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(IDRMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
SinarmasSecuritiesPT 1 30.861 5,045,047 4 19 0.960 29.901
IndoPremierSecurities 2 11.681 1,909,526 2 6 5.373 6.308
MorganStanley 3 10.511 1,718,200 2 8 3.995 6.516
UOBKayHianPvtLtd 4 9.285 1,517,924 9 7 4.315 4.970
CreditSuisse 5 6.446 1,053,826 1 14 1.870 4.576
DeutscheBank 5 6.446 1,053,826 1 - - 6.446
UBS 5 6.446 1,053,826 1 - - 6.446
NHKorindoSekuritasIndonesiaPT 8 4.124 674,114 4 13 2.193 1.931
KresnaSekuritasPT 9 2.067 337,950 3 25 0.588 1.479
MiraeAssetDaewooCoLtd 10 1.816 296,905 2 24 0.640 1.176
ErdikhaElitSekuritasPT 11 1.560 255,000 2 28 0.466 1.094
JasaUtamaCapitalPT 12 1.260 206,000 1 26 0.539 0.721
BuanaCapitalPT 13 1.071 175,000 1 - - 1.071
BahanaSekuritasPT 14 1.057 172,791 2 - - 1.057
DanatamaMakmurPT 15 0.953 155,800 2 9 3.892 -2.939
MNCSecuritiesTbkPT 16 0.770 125,814 1 18 0.992 -0.222
RHB 17 0.592 96,791 1 - - 0.592
DongxingSecurities 18 0.581 94,916 1 - - 0.581
ShinhanFinancialGroupCoLtd 19 0.465 76,000 1 - - 0.465
LotusAndalanSekuritasPT 20 0.424 69,240 2 20 0.933 -0.509
TOTAL 100% 16,347,403 39 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page22
MalaysiaEquity&RightsOffering1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(MYRMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CIMB 1 32.676 2,566 6 6 7.189 25.487
JPMorgan 2 21.320 1,674 3 7 7.044 14.276
Maybank 3 10.648 836 9 1 17.518 -6.870
RHB 4 9.243 726 11 2 16.988 -7.745
AmInvestmentBankBhd 5 8.080 634 10 5 7.211 0.869
HongLeongFinancialGroupBhd 6 4.640 364 3 19 0.115 4.525
UOBKayHianPvtLtd 7 2.737 215 15 9 4.898 -2.161
CreditSuisse 8 2.627 206 1 - - 2.627
M&ASecuritiesSdnBhd 9 2.221 174 12 10 3.798 -1.577
TASecuritiesHoldingsBhd 10 1.771 139 12 11 2.534 -0.763
AllianceBankMalaysiaBhd 11 0.930 73 1 12 2.218 -1.288
KenangaInvestmentBankBhd 12 0.904 71 9 4 8.284 -7.380
MercurySecuritiesSdnBhd 13 0.655 51 10 14 1.271 -0.616
KAFInvestmentBankBhd 14 0.399 31 4 17 0.223 0.176
ApexSecurities 15 0.240 19 1 - - 0.240
MalaccaSecuritiesSdnBhd 15 0.240 19 1 - - 0.240
AstraminaAdvisorySdnBhd 17 0.143 11 2 - - 0.143
Inter-PacificSecurities 17 0.143 11 2 16 0.278 -0.135
WyncorpAdvisorySdnBhd 19 0.133 10 1 - - 0.133
DWAAdvisorySdnBhd 20 0.080 6 1 18 0.128 -0.048
TOTAL 100% 7,852 104 100%
SingaporeEquity&RightsOffering1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
DBSGroup 1 27.733 1,153 18 2 25.448 2.285
CreditSuisse 2 10.560 439 6 10 1.824 8.736
UBS 3 9.372 390 4 11 1.558 7.814
Citi 4 8.659 360 7 1 28.666 -20.007
Oversea-ChineseBankingCorp 5 7.049 293 4 - - 7.049
BankofAmericaMerrillLynch 6 5.854 243 3 5 4.467 1.387
UnitedOverseasBank 7 4.860 202 4 - - 4.860
BNPParibas 8 4.814 200 3 - - 4.814
HSBC 9 4.316 179 3 6 3.935 0.381
JPMorgan 10 3.704 154 3 4 6.219 -2.515
Maybank 11 2.557 106 2 9 1.899 0.658
ChinaInternationalCapitalCorp 12 2.453 102 1 12 1.243 1.210
DeutscheBank 13 2.268 94 1 - - 2.268
Jefferies 13 2.268 94 1 - - 2.268
RHB 15 0.935 39 2 - - 0.935
CITICSecurities 16 0.926 38 2 7 2.812 -1.886
CIMB 17 0.346 14 2 20 0.090 0.256
PrimePartnersCorporateFinancePteLtd 18 0.336 14 2 18 0.358 -0.022
BankofChina 19 0.172 7 1 12 1.243 -1.071
HaitongSecurities 19 0.172 7 1 12 1.243 -1.071
TOTAL 100% 4,158 29 100%
TaiwanEquity&EquityLinked1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(TWDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
YuantaSecurities 1 35.139 15,680 18 1 18.173 16.966
KGISecurities 2 24.635 10,993 18 5 9.767 14.868
TaishinFinancialHoldingCoLtd 3 7.641 3,410 11 4 13.395 -5.754
GrandFortuneSecuritiesCo 4 5.520 2,463 6 6 4.976 0.544
MasterlinkSecurities 5 3.986 1,779 7 16 0.997 2.989
CTBCFinancialHolding 6 3.661 1,634 3 23 0.019 3.642
E.SunFinancialHoldingCoLtd 7 3.362 1,500 1 24 0.012 3.350
FubonSecurities 8 2.833 1,264 8 2 17.160 -14.327
TaiwanCooperativeSecuritiesCoLtd 9 2.704 1,207 4 15 1.107 1.597
MegaFinancialHolding 10 2.383 1,063 8 8 2.931 -0.548
SinoPacFinancialHoldings 11 2.206 984 5 7 3.463 -1.257
CapitalSecuritiesCorp 12 1.850 825 4 13 1.471 0.379
PresidentSecurities 13 1.755 783 4 18 0.538 1.217
WaterlandSecuritiesCoLtd 14 1.141 509 3 9 2.272 -1.131
FirstSecuritiesInc 15 0.547 244 2 12 1.729 -1.182
JihSunSecuritiesCoLtd 16 0.323 144 2 19 0.537 -0.214
CathaySecuritiesCorp 17 0.196 88 1 14 1.422 -1.226
BankTaiwanSecurities 18 0.083 37 1 - - 0.083
ConcordSecurities 19 0.018 8 1 11 1.901 -1.883
TaichungCommercialBank 20 0.017 8 1 - - 0.017
TOTAL 100% 44,623 108 100%
ThailandEquity&RightsOffering1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(THBMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BangkokBankPCL 1 24.134 26,826 7 1 25.114 -0.980
CreditSuisse 2 18.814 20,913 3 3 17.700 1.114
KasikornbankPCL 3 13.304 14,789 3 - - 13.304
PhatraSecuritiesPCL 4 12.427 13,814 2 6 8.539 3.888
SiamCommercialBankPCL 5 12.181 13,539 2 2 19.046 -6.865
MorganStanley 6 7.026 7,809 1 5 10.853 -3.827
KrungThaiBank 7 6.610 7,348 2 4 10.937 -4.327
DBSGroup 8 2.941 3,269 1 - - 2.941
AsiaPlusSecurities 9 0.661 735 1 - - 0.661
GloblexSecuritiesCoLtd 10 0.441 490 1 - - 0.441
CountryGroupSecuritiesPCL 11 0.376 418 1 - - 0.376
PhillipSecuritiesPteLtd 12 0.331 368 2 - - 0.331
S14AdvisoryCoLtd 13 0.245 272 1 - - 0.245
KingsfordSecuritiesPCL 14 0.243 270 1 - - 0.243
AECSecuritiesPCL 15 0.138 153 1 11 0.541 -0.403
TrinitySecuritiesCoLtd 16 0.130 144 1 - - 0.130
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 111,156 25 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page23
SouthKoreaEquityOfferings1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(KRWMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
NHInvestment&SecuritiesCoLtd 1 16.496 553,375 10 4 7.650 8.846
UBS 2 11.645 390,650 1 7 3.717 7.928
DaishinSecurities 3 11.371 381,470 4 3 12.868 -1.497
MiraeAssetDaewooCoLtd 4 9.667 324,312 7 9 3.499 6.168
KoreaInvestment&SecuritiesCo 5 9.230 309,631 12 8 3.581 5.649
BNPParibas 6 7.711 258,690 1 - - 7.711
GoldmanSachs 7 5.051 169,443 1 2 18.889 -13.838
Citi 8 4.817 161,607 2 1 25.351 -20.534
KiwoomSecuritiesCoLtd 9 4.632 155,400 4 13 1.235 3.397
HanaFinancialGroupInc 10 4.391 147,320 4 18 0.436 3.955
SamsungSecuritiesCoLtd 11 3.373 113,167 3 15 0.468 2.905
BankofAmericaMerrillLynch 12 2.883 96,726 1 - - 2.883
ShinhanFinancialGroupCoLtd 13 2.531 84,922 4 11 2.229 0.302
KBFinancialGroupInc 14 2.103 70,546 6 12 2.087 0.016
EugeneInvestment&SecuritiesCoLtd 15 0.875 29,348 4 17 0.465 0.410
ShinyoungSecuritiesCoLtd 16 0.718 24,075 2 14 0.489 0.229
EBESTInvestment&SecuritiesCoLtd 17 0.642 21,537 2 22 0.229 0.413
IndustrialBankofKorea 18 0.463 15,537 1 20 0.382 0.081
KyoboSecurities 19 0.261 8,742 1 24 0.103 0.158
YuantaSecurities 20 0.244 8,200 1 21 0.302 -0.058
TOTAL 100% 3,354,698 67 100%
JapanEquityOfferings(FiscalYear)1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(JPYMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MizuhoFinancial 1 17.590 225,891 20 7 9.844 7.746
Nomura 2 15.811 203,046 23 3 14.168 1.643
MorganStanley 3 15.611 200,481 12 6 10.388 5.223
SumitomoMitsuiFinancial 4 13.611 174,787 21 2 15.420 -1.809
DaiwaSecurities 5 10.324 132,584 14 5 11.120 -0.796
GoldmanSachs 6 8.975 115,252 4 4 13.495 -4.520
BankofAmericaMerrillLynch 7 7.846 100,754 4 8 3.823 4.023
JPMorgan 8 6.319 81,148 1 1 17.318 -10.999
Citi 9 1.733 22,260 3 9 1.681 0.052
NHInvestment&SecuritiesCoLtd 10 1.296 16,642 1 - - 1.296
SBIHoldingsInc/Japan 11 0.616 7,910 4 10 1.131 -0.515
IchiyoshiSecuritiesCoLtd 12 0.107 1,380 1 - - 0.107
HSSecuritiesCoLtd 13 0.074 951 2 - - 0.074
TokaiTokyoSecuritiesCoLtd 14 0.069 886 1 14 0.113 -0.044
AizawaSecuritiesCoLtd 15 0.011 139 1 - - 0.011
OkasanSecuritiesGroupInc 16 0.006 81 1 15 0.082 -0.076
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 1,284,192 63 100%
JapanEquityIPO(FiscalYear)1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(JPYMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Nomura 1 37.480 49,006 5 1 28.980 8.500
SumitomoMitsuiFinancial 2 19.656 25,702 5 2 18.406 1.250
DaiwaSecurities 3 17.679 23,116 6 3 16.337 1.342
NHInvestment&SecuritiesCoLtd 4 12.728 16,642 1 - - 12.728
MizuhoFinancial 5 7.772 10,163 3 5 12.160 -4.388
SBIHoldingsInc/Japan 6 1.471 1,923 3 8 1.824 -0.353
IchiyoshiSecuritiesCoLtd 7 1.055 1,380 1 - - 1.055
HSSecuritiesCoLtd 8 0.727 951 2 - - 0.727
TokaiTokyoSecuritiesCoLtd 9 0.677 886 1 9 0.352 0.325
MorganStanley 10 0.647 846 1 4 15.688 -15.041
AizawaSecuritiesCoLtd 11 0.107 139 1 - - 0.107
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 130,754 29 100%
JapanEquity&EquityLinked(FiscalYear)1st3Q2019 1st3Q2018
Firm Rank MktShare(%) Volume(JPYMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MizuhoFinancial 1 17.033 225,891 20 7 10.107 6.926
Nomura 2 16.404 217,546 25 1 17.414 -1.010
MorganStanley 3 15.117 200,481 12 6 10.333 4.784
SumitomoMitsuiFinancial 4 15.065 199,787 23 3 14.333 0.732
DaiwaSecurities 5 9.997 132,584 14 4 12.898 -2.901
GoldmanSachs 6 8.879 117,752 5 5 12.280 -3.401
BankofAmericaMerrillLynch 7 7.597 100,754 4 8 3.280 4.317
JPMorgan 8 6.119 81,148 1 2 15.560 -9.441
Citi 9 1.679 22,260 3 9 1.443 0.236
NHInvestment&SecuritiesCoLtd 10 1.255 16,642 1 - - 1.255
SBIHoldingsInc/Japan 11 0.596 7,910 4 10 0.970 -0.374
IchiyoshiSecuritiesCoLtd 12 0.104 1,380 1 - - 0.104
HSSecuritiesCoLtd 13 0.072 951 2 - - 0.072
TokaiTokyoSecuritiesCoLtd 14 0.067 886 1 14 0.097 -0.030
AizawaSecuritiesCoLtd 15 0.011 139 1 - - 0.011
OkasanSecuritiesGroupInc 16 0.006 81 1 15 0.071 -0.065
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 1,326,192 67 100%
Bloomberg PreliminaryGlobalEquity|1st3Q2019
BloombergLeagueTableReports Page24
Bloomberg – 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. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers; unless full, explicit breakdown of bookrunning is provided by an involved party. Regional and local tables are identified based on factors such as currency, market of issuer and/or country of risk/incorporation.
Fixed Income
All transactions must have a maturity/call/put option of minimum 18 months. Make-whole call and provisional call/put are exempted from this rule. Note: Criteria may vary for some local and/or regional tables. USD denominated 144A/REG S issues are credited 100% to the 144A tranche and 0% to the REG S tranche. Non-USD denominated 144A/REG S issues are credited 100% to the REG S tranche and 0% to the 144A tranche. Self-led transactions are included. New money portions of exchange offers are eligible for credit.
Exclusions: Accredited investor tranches, asset-backed issues, auction note agencies, collateralized bond obligations, collateralized loan obligations, commercial paper, municipal bonds, mortgage-backed issues, remarketed issues, repackaged bonds, government borrowing scheme retained bonds, variable principal redemption issues, variable interest equity-linked issues, and credit linked notes, selling group agency issues, strips, units, warrants, self-led under USD 50 million. Note: Criteria may vary for some local and/or regional tables.
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 call, provisional call and provisional put are exempted 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, certain lower hierarchy titles, i.e. Jr Bookrunner.
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 hierarchy titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional tables.
Bloomberg – League Tables Criteria
Loans
Includes executed syndicated loans transactions. Full credit is awarded to the banks satisfying the highest of the titles. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers. Credit is allocated to amended or amended and restated transactions, where each modification is 100% at the lender’s option and not as a result of events already built into the original credit agreement. Credit is awarded for the following structural changes only: maturity extensions of three months or more, incremental basis for increased in deal size, reduction in pricing, full release of collateral.
Exclusions: Bilateral transactions, transactions with a maturity of less than three months, loans withdrawn prior to signing, amended or restated securitizations, receivable and guarantee facilities, loan pacts, and standalone guarantee facilities/letters of credit.
US Municipals
Standard published tables will award deal credit based on true economic credit as reported by the issuer or the bookrunner. In absence of reported economic credit, 100% will be assigned to the bookrunner.
Dollar value of credit will be assigned based on the percentage allocation reported for economic credit (or designated by the user in a custom table) and applied against the total par value of the bonds issued. Zero coupon bonds (CABS) or intermediate appreciation bonds (convertible CABs) will be included at the market value (accreted value) on the interest accrual date.
All debt issued by municipal issuers will be eligible for league credit. Taxable and tax-exempt debt is eligible for league credit unless a table includes specific tax type criteria. “Tax-exempt” is defined as federally tax-exempt and includes bonds subject to AMT and bonds designated as Bank Qualified.
Each table is provided in three formats. “Economic Credit” displays rankings based on true economic credit allocations of applicable deals. “Left Lead” assigns 100% credit to the bookrunner and 0% to all other syndicate participants. “Deal Count” displays rankings based on deal quantity rather than aggregate economic credit amounts. A “deal” refers to the aggregate series within an issuance led by a particular underwriter or syndicate. For example: a $50 million issuance is split into three series- a $10 million Series A, a $20 million Series B, and a $20 million Series C. Bank 1 is the underwriter of Series A & B, while Bank 2 is the underwriter of Series C. Bank 1 would have one “deal” worth $30 million, and Bank 2 would have one “deal” worth $20 million.
Exclusions: Derivatives, private placements, variable rate preferred securities, municipal commercial paper, and remarketings are excluded from municipal league table eligibility.
The full version of Bloomberg’s League table Standards & Guidelines can be accessed and subscribed to on the Reports tab on
LEAG<GO>.
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.