ChainCatcher report: Morgan Stanley replaced Goldman Sachs as one of the top three underwriters for Asian equity issuances last month, excluding Japan. Year-to-date, total issuance in this market has increased by 55% compared to the same period last year. According to compiled data, companies raised $162 billion through equity issuances in July, up from $104.8 billion during the same period last year. Morgan Stanley’s market share rose to 6.07%, surpassing Goldman Sachs’ 5.62%; China International Capital Corporation held the top position with a 13.1% share. CXMT’s $9.84 billion fundraising in July was the largest equity offering of the month.
Morgan Stanley Surpasses Goldman Sachs in Asia Stock Underwriting
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Summary
In July, Morgan Stanley surpassed Goldman Sachs in Asia’s stock underwriting market, capturing a 6.07% market share. Year-to-date, total issuance in the region rose 55%, with $162 billion raised just in July. CICC led with a 13.1% share, while ChangXin Memory’s $9.84 billion offering was the largest of the month. Investors tracking altcoins to watch may also note the growing influence of top altcoins in parallel markets.
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