10/30/2023 0 Comments Feeding frenzy 1 + planetsuzy![]() ![]() ![]() Global equity issuance is now within striking distance of the full-year record set last year, boosted by $504bn of secondary share sales by publicly listed groups like China Telecom and UK insurer Prudential. Banks including Citi, Bank of America and Goldman Sachs, which are poised to take in record investment banking fees this year, are adding or moving staff to their underwriting and syndication teams so they do not lose work to rivals. In the US, traditional IPO volumes for the first time eclipsed the peak set in 1999 before the dotcom bust as companies like brokerage Robinhood have come to market.
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