ECM fees in H1CY21 jump 25% to hit 10-year high of $126 mn amid IPO boom

IPOs by Indian companies totalled $3.9 billion in the first half of 2021, more than thrice the amount raised from the same period last year

The fees collected by investment bankers for handling initial public offerings (IPOs) and other equity share sales has hit a decade high during the first half of 2021. According to data compiled by Refinitiv, a financial data provider, the so-called equity capital market (ECM) fees for the January-June 2021 period stood at $126 million, a jump of 25.2 per cent over the same period of last year.

The jump in fees comes amid a surge in primary market activity. IPOs by Indian companies totalled $3.9 billion in the first half of 2021, more than thrice the amount raised during the