Tuesday, December 25, 2012

Credit Suisse boarded the top of the U.S. stocks IPO underwriting standings

Underwriting amounted to $ 4.7 billion in 2012

Data recently released by the investment banking research institutions Diluo Ji (Dealogic), Credit Suisse (Credit Suisse) debut in 2012 the U.S. stocks IPO underwriting topped the list. Thomson Reuters Statistics show that the 2012 Credit Suisse in the U.S. stock market underwriting 41 single IPO business, underwriting amounted to $ 4.7 billion. Last year, Credit Suisse, only $ 2.8 billion in underwriting amount ranked underwriting rankings eighth.

Said David Hermer, head of Credit Suisse general manager and equity capital markets in the Americas, Credit Suisse not only focus on winning transactions but also to be listed companies to provide views on the positioning and valuation. "Our underwriting the IPO stock seven days after the initial public offering, 30 days, and the year-to-date performance can prove that the performance of the stock in the secondary market after the initial public offering on the set of the company's future is very important. "he added.

In fact, as one of the nine Facebook IPO underwriters, Credit Suisse seems the above assertion should have reservations. Facebook last week, the stock closed at $ 26.26 / share, compared to the initial public offering of $ 38 / share price has fallen by nearly 30%.

However, Credit Suisse, the second largest in the U.S. market IPO underwriting transactions - real estate agency Realogy performance is quite gratifying. In the last month, Credit Suisse and Goldman Sachs, JP Morgan, Barclays shared Realogy 12 billion dollars in IPO underwriting the issue price of 27 U.S. dollars / share, Realogy shares closed last week at $ 41.32 / share, or more than 50%.

Credit Suisse this year is in full swing preparing for the expansion of its equity capital markets business, at the same time, but its competitors have cut the business. Royal Bank of Scotland (RBS) earlier this year announced the exit of the equity capital markets business, Nomura Securities also closed its European equity capital markets business.

No comments:

Post a Comment