2020-04-04 IFR Magazine

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104 International Financing Review April 4 2020

LATIN AMERICA EQUITY, EQUITY-RELATED

BOOKRUNNERS: 1/1/2020–31/3/2020

Managing No of Total Share

bank or group issues US$(m) (%)

1 Morgan Stanley 5 1,352.8 16.7

2 Banco Bradesco 7 1,032.8 12.8

3 XP Investimentos 5 857.6 10.6

4 Credit Suisse 4 840.9 10.4

5 Banco do Brasil 3 773.1 9.5

6 Goldman Sachs 3 761.6 9.4

7 BofA Securities 2 692.8 8.6

8 Citigroup 1 650.1 8.0

9 Itau Unibanco 7 466.4 5.8

10 Banco BTG Pactual 5 296.6 3.7

Total 11 8,102.9

Including all domestic and international deals and rights issues

Source: Refinitiv SDC code:C1f

US EQUITIES

BOOKRUNNERS: 1/1/2020–31/3/2020

Managing No of Total Share

bank or group issues US$(m) (%)

Including all domestic and international deals and rights issues

Source: Refinitiv SDC code: C3r

1 Morgan Stanley 25 4,176.00 16.3

2 Goldman Sachs 27 3,874.15 15.2

3 JP Morgan 30 2,821.56 11.0

4 BofA Securities 24 2,485.15 9.7

5 Citigroup 17 1,608.42 6.3

6 Jefferies 20 1,248.20 4.9

7 Barclays 13 1,190.74 4.7

8 Cowen & Co 17 1,009.92 3.9

9 UBS 10 887.01 3.5

10 Wells Fargo 15 871.18 3.4

Total 139 25,571.25

US IPOs

BOOKRUNNERS: 1/1/2020–31/3/2020

Managing No of Total Share

bank or group issues US$(m) (%)

Including all domestic and international deals and rights issues

Source: Refinitiv SDC code: C6

1 JP Morgan 7 723.76 13.6

2 Goldman Sachs 5 563.47 10.6

3 Jefferies 5 470.45 8.8

4 Barclays 3 455.18 8.5

5 Morgan Stanley 5 389.67 7.3

6 Credit Suisse 2 386.18 7.2

7 BofA Securities 2 290.95 5.4

8 Cowen & Co 4 289.42 5.4

9 Citigroup 4 250.04 4.7

10 UBS 1 232.88 4.4

Total 18 5,340.09

US SECONDARY OFFERINGS

BOOKRUNNERS: 1/1/2020–31/3/2020

Managing No of Total Share

bank or group issues US$(m) (%)

Including all domestic and international deals and rights issues

Source: Refinitiv SDC code: C8ar

1 Morgan Stanley 20 3,786.33 18.7

2 Goldman Sachs 22 3,310.68 16.4

3 BofA Securities 22 2,194.20 10.8

4 JP Morgan 23 2,097.80 10.4

5 Citigroup 13 1,358.38 6.7

6 Wells Fargo 13 799.51 4.0

7 Jefferies 15 777.75 3.8

8 Barclays 10 735.56 3.6

9 Cowen & Co 13 720.50 3.6

10 UBS 9 654.13 3.2

Total 121 20,231.16

ECM DEALS: WEEK ENDING 3/4/2020

Stock Country Date Amount Price Deal type Bookrunner(s)

Coles Australia 31/03/2020 A$1.07bn A$15.39 Follow-on (Secondary) Goldman Sachs, UBS

IDP Education Australia 02/04/2020 A$225m A$10.65 Follow-on (Primary) Macquarie Capital

NEXTDC Australia 03/04/2020 A$672m A$7.80 Follow-on (Primary) Citigroup, Royal Bank of Canada

Webjet Australia 02/04/2020 A$461m A$1.70 Follow-on (Primary) Credit Suisse, Goldman Sachs, Ord Minnett

AMS Austria 30/03/2020 SFr666m SFr90.20 Rights issue HSBC, UBS, BofA, Citigroup, Commerzbank, DB, MS

Li Ning China 01/04/2020 HK$1.5bn HK$21.52 Follow-on (Secondary) HSBC

WiMi Hologram Cloud China 01/04/2020 US$26m US$5.50 IPO (Primary) Benchmark Company, Valuable Capital, Maxim,

China Merchants Securities (HK), AMTD,

BOC Intl and Axiom Capital Management

WuXi Biologics (Cayman) China 01/04/2020 HK$4.6bn HK$96.80 Follow-on (Secondary) Morgan Stanley

HDFC Life India 26/03/2020 Rs22bn Rs441.25 Follow-on (Secondary) BofA

Oisix Ra Daichi Japan 30/3/2020 ¥4.8bn ¥1,379 Follow-on (Primary) SMBC Nikko

Kathmandu Holdings New Zealand 02/04/2020 NZ$207m NZ$0.50 Follow-on (Primary) Craigs Investment Partners, Credit Suisse,

Forsyth Barr, Jarden Securities

Celltrion South Korea 02/04/2020 W459bn W178,695 Follow-on (Secondary) Citigroup, Morgan Stanley

Celltrion Healthcare South Korea 02/04/2020 W160bn W72,285 Follow-on (Secondary) Citigroup, Morgan Stanley

Amadeus IT Group Spain 04/02/2020 €750m €39 Accelerated bookbuild (Primary) JP Morgan, Citigroup, Credit Agricole CIB

Auto Trader UK 31/03/2020 £186m 400p Accelerated bookbuild (Primary) BofA

Hays Group UK 04/01/2020 £200m 95p Accelerated bookbuild (Primary) BofA, Jefferies, UBS

Agree Realty US 30/03/2020 US$152.5m US$61 Accelerated bookbuild (Primary) Citigroup, Jefferies

Carnival US 04/01/2020 US$500m US$8 Follow-on (Primary) BofA, Goldman Sachs, JP Morgan

Invitae US 04/01/2020 US$160m US$9 Accelerated bookbuild (Primary) JP Morgan, Cowen

Nevro US 04/01/2020 US$136.5m US$84 Accelerated bookbuild (Primary) Morgan Stanley

Zentalis Pharmaceuticals US 04/02/2020 US$165m US$18 IPO (Primary) MS, Jefferies, SVB Leerink, Guggenheim Securities

10 IFR Equities and SE 2327 p 95 - 106 .indd 104 03 / 04 / 2020 20 : 40 : 34