<\/p>\n
Both equity and debt issuance rises in the first six months of the year.<\/p>\n
Global investment banking picked up in the first half of 2024, with securities issuance rising to a three-year high, according to LSEG Data & Analytics.<\/p>\n
Equity capital market activity rose by 20% in the second quarter (on a quarter-over-quarter basis), pushing total equity issuance in the first half of the year to US$309.6 billion.<\/p>\n
The new issue activity was led by the U.S., which saw deal activity up by 41% in the first half of the year, offsetting declining activity in China.<\/p>\n
While deal value was up 10% year over year, deal volume was down 3% in the first two quarters, LSEG reported.<\/p>\n
Secondary offerings drove the equity activity, with US$203.8 billion in new issuance in the first half of 2024, up 17% from the same period last year, as the number of deals rose 5% year over year.<\/p>\n
Conversely, the global initial public offering (IPO) market was weak. Excluding deals involving special purpose acquisition companies, global IPO activity was down 18% in the first half of 2024 \u2014 to its weakest level since 2016.<\/p>\n
China led the decline in IPO action, with deal activity dropping 81% year over year to US$5.8 billion.<\/p>\n
However, the U.S. IPO market revived this year, as new issues surged to US$17.0 billion \u2014 which was more than double last year\u2019s level, LSEG said.<\/p>\n
JP Morgan took the top spot in the firm\u2019s equity underwriting league tables, jumping from fourth place in 2023 and overtaking Goldman Sachs, which fell to second.<\/p>\n
BofA Securities and Morgan Stanley were also pushed down to third and fourth spot, respectively, and Citi rounded out the top five.<\/p>\n
On the debt side, global deal activity also reached its highest level since 2021, as total issuance rose 11% to US$5.4 trillion in the first half of 2024, LSEG reported.<\/p>\n
The increase in deal value during the first half of 2024 came despite a 20% decline in the second quarter, compared with the first quarter.<\/p>\n
The volume of new debt offerings was up 6% in the period to record levels, the report noted.<\/p>\n
Investment-grade corporate debt offerings were up 13% in the first half of the year to US$2.7 trillion, and high yield issuance jumped by 83% to US$222.1 billion, LSEG said.<\/p>\n
Green bond issuance was flat in the first half of 2024, at US$267.9 billion, despite a 20% increase in green bond deal volume, according to data compiled by LSEG and The Climate Bonds Initiative.<\/p>\n
Green bond issuance was down 14% in the second quarter, compared with the first quarter, LSEG noted.<\/p>\n
JP Morgan also led LSEG\u2019s debt league tables, retaining its No. 1 overall spot.<\/p>\n
Citi climbed one spot to second place in the rankings, dropping BofA to third. Barclays and Morgan Stanley stayed in fourth and fifth place, respectively.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Both equity and debt issuance rises in the first six months of the year. Global investment banking picked up in the first half of 2024, with securities issuance rising to a three-year high, according to LSEG Data & Analytics. Equity capital market activity rose by 20% in the second quarter (on a quarter-over-quarter basis), pushing […]<\/p>\n","protected":false},"author":1,"featured_media":1988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/07\/Capital-markets-11-1140x445.jpeg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/07\/Capital-markets-11-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/07\/Capital-markets-11-300x208.jpeg",300,208,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/07\/Capital-markets-11.jpeg",1365,945,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=1987"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1987\/revisions"}],"predecessor-version":[{"id":1989,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1987\/revisions\/1989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/1988"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=1987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=1987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=1987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}