In a year when equity markets have been characterised by volatility, initial public offering (IPO) pricing perfection has been hard to come by. A large number of deals have been pulled, and many have underper-formed in the aftermarket. Of all the investment banks, JPMorgan has the best track record: it has done more deals, with fewer postponements than any of its competitors. The more deals undertaken, says Viswas Raghavan, head of international capital markets at JPMorgan, the better your performance should be.
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