Business Standard

Fee pool shrinks by nearly 33% as equity offerings drop in first half

Overall equity issuances during the first half (H1) dropped 40 per cent to $9.1 billion, lowest first-half tally since 2016, according to Refinitiv, a markets data provider

investment, investment bankers, brokers, investors, company, firms, board, directors, CEOs, management, funding, tech, economy, gdp, aif, alternative investment fund, capital, startups, tech, savings, money, cash, shares, funds, equity
Premium

The mop-up through initial public offerings (IPOs), however, hit a record

Samie Modak Mumbai
The fee collected by investment bankers for managing equity share sales dropped 33.4 per cent year-on-year (YoY) to $95 million during the first six months of 2022 as a sharp spike in market volatility queered the pitch for deal-making.

Overall equity issuances during the first half (H1) dropped 40 per cent to $9.1 billion — the lowest first-half tally since 2016 — according to Refinitiv, a markets data provider.

A 10 per cent fall in the benchmark indices and a sharper cut in the broader market led to a drop in equity issuances, such as qualified institutional placements, rights issues,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 07 2022 | 9:48 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com