Thomson Reuters Investment Banking Scorecard

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Worldwide M&A activity totals $241.4 billion, down 22% compared to YTD 2015

Materials M&A hits $54.4 billion this year, up 79% compared to a year-ago

Global IPO activity totals $3.3 billion, down 51% compared to a year ago

Healthcare ECM totals $4.3 billion for YTD 2015, down 37% from 2015

Global Investment Grade Debt hits $241.6 billion, down 30% compared to last year

Retail DCM up 76% compared to 2015 with $5.2 billion raised so far this year 

Cross-Border M&A Hits 11-Year High as China Involvement Accounts for 47% of YTD Activity

Powered by a flurry of acquisitions by Chinese acquirers across a broad set of industries, worldwide cross-border mergers & acquisitions total $132.7 billion so far during 2016, a 31% increase compared to a year ago and the strongest year-to-date period for cross-border deal making since 2006. Chinese acquisitions abroad account for 47% of overall cross-border activity this year and make up four of the top six year-to-date cross-border deals. Deals in the materials, consumer products and energy & power sectors control 70% of this year’s cross-border activity, compared to just 20% a year ago.

Global Equity Capital Markets Activity Falls 45%, Slowest YTD Period since 2009

Stock market volatility around the world has dragged the pace of new global equity offerings to just $33.0 billion, down 45% compared to a year ago and the lowest year-to-date level for ECM activity in eight years. Initial public offerings total $3.3 billion so far this year, down 51% compared to a year ago, while follow-on offerings and convertibles are down 47% and 24%, respectively. Financials, real estate and industrials issuers comprise 51% of this year’s ECM volume, up from 43% a year ago. JP Morgan holds the top spot for ECM underwriting with 11.0% market share, up 2.7 points from last year. Bank of America Merrill Lynch and UBS round out the top three.

Source - Thomson Reuters

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