Thomson Reuters Investment Banking Scorecard

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Worldwide M&A activity totals $974.4 billion, down 20% compared to YTD 2015

With this week’s $3.4 billion bid for Manitoba Telecom Services by BCE Inc, worldwide M&A activity involving Canadian companies hit $69.4 billion this year, an increase of 5% compared to a year ago and the strongest year-to-date period for Canada Involvement M&A since 2007. Deal making involving Canadian companies accounts for 7.1% so far this year, the highest percentage since 2012, when Canadian deals accounted for 9.3% of year-to-date activity. Energy & power deal making dominates Canada M&A so far this year, accounting for 49% of announced deals, followed by retail (18%) and technology (16%). Telecom M&A accounts for 13% of Canada deals.

Global IPOs Fall 60% for Slowest YTD since 2009

Global initial public offerings so far this year total $22.1 billion, a 60% decline compared to year-to-date 2015 and the slowest year-to-date period for new listings since 2009. IPOs from companies based in China account for 32% of year-to-date activity, up from 22% a year ago, while offerings from companies in the United States, United Kingdom and Japan account for a combined 32% of year-to-date volume. Financials, real estate and industrial offerings comprise 56% of year-to-date so far this year, up from 38% compared to a year ago. JP Morgan holds the top spot for global IPO underwriting during year-to-date 2016, with 7.3% market share, followed by Morgan Stanley with 6.0% and Deutsche Bank and Goldman Sachs, each with 4.6% of the market.

Source - Thomson Reuters

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