ECM suffers worst start since crisis

摘要

Equity capital markets bankers will be glad to see the back of the first quarter, which will go down as the industry's worst start to the year since the global financial crisis, as a government shutdown in the US and poor market conditions led to deal after deal being delayed, cancelled or downsized. Just over US$130bn of deals made it to market in the first three months of the year, 40% lower than a year earlier and the worst start to the year since 2009. IPOs were worst hit, down by more than 60% globally, with follow-on activity down by more than 40%.