Wall Street Giants Reclaim Top Equities League Table Rankings
- Goldman Sachs leads equity underwriting despite IPO slump
- Chinese banks fall out of top five but lead in global IPOs
Goldman Sachs Group Inc. rose to the top of rank for equity and equity-linked underwriting as it dished out shares in many of the biggest new offerings.
Photographer: Michael M. Santiago/Getty ImagesWall Street reclaimed the top spots in the global equity underwriting league tables from Chinese banks as initial public offerings slowed on the mainland, leaving US firms to make the most of an anemic share sale market elsewhere.
Goldman Sachs Group Inc. rose to the top of rank for equity and equity-linked underwriting as it dished out shares in many of the biggest new offerings, according to league table data compiled by Bloomberg. Bank of America Corp. and JPMorgan Chase & Co. also returned to the top three as Chinese state-backed brokerage Citic Securities Co. ceded its number one ranking, though it retained its leading position in global IPO underwriting.