LONDON, April 2 Goldman Sachs topped
global banking league tables for equity capital markets and
mergers & acquisitions activities in the first quarter, as
buoyant stock markets boosted appetite for dealmaking.
The Wall Street heavyweight ranked number one for initial
public offerings (IPOs) and common stock sales during the first
three months of 2013, raising $24.1 billion in proceeds from 89
issues, according to Thomson Reuters data.
Goldman's share of the market was 12.8 percent after rising
4.1 percentage points in the first quarter.
Overall equity capital markets activity totalled $187.5
billion during the first quarter, up 21 percent on the same
period in 2012 and the strongest annual start for global equity
capital markets issuance in two years, the data showed.
JP Morgan took top spot in the table for debt
capital markets, thanks in part to high volumes of global
investment grade and high yield corporate debt underwriting.
The bank booked $126.7 billion of business in the first
quarter, increasing its share of the market by 0.7 percentage
points to 8.3 percent.
Overall debt capital markets activity dropped 14 percent to
$1.5 trillion in the slowest first quarter for debt market
activity since 2008.
The value of worldwide M&A deals rose 10 percent to $542.8
billion in the first quarter, as a 63 percent rise in big-ticket
deals valued $5 billion and higher offset a 16 percent drop in
the number of new deals announced.
Goldman increased its share of the market for new takeover
activity by 1.3 percentage points to 25 percent. Morgan Stanley
was ranked number one for deals completed.