Investment bankers say it will be challenging to launch even a single deal in March
(Reuters) - Global dealmaking is set to maintain its scorching pace next year, after a historic year for merger and acquisition (M&A) activity that was fueled largely by easy availability of cheap financing and booming stock markets.
A little over 110 firms ranging from online grocers to food delivery and beauty startups listed their shares in Mumbai this year, raising almost $18 billion, according to data compiled by Bloomberg
Regulator to also probe the trading pattern on listing day
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Technology-focused investment bankers in Asia previously focused on larger and more developed markets such as Japan and South Korea, and more recently, China
Much of the jump in profit came from Goldman's advisory and investment banking business, where the firm helps companies go public or buy other companies.
Since the beginning of 2020, i-bankers have collected nearly Rs 1,800 crore by way of IPO fees
10 investment banks to divide fee pool; opt to go out-of-pocket
ICICI Securities, Axis, Kotak among top 5 managers of equity issuances
Non-scheduled payments banks, which have prior approval from RBI, will be eligible to act as a banker to an issue (BTI), Sebi said in a circular.
This is to avoid conflict of interest of competing firms
JPMorgan released $3 billion in reserves it had previously set aside for bad loans, almost twice as much as analysts had predicted.
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
Hyderabad-based Dodla Dairy and Krishna Institute of Medical Sciences announced their Rs 520-crore and Rs 2,144-crore IPOs on Friday
BankAm topped Dealogic's league tables for equities at $2.8 billion in deals (followed by ICICI Securities at $2.4 billion and JP Morgan, or JPM, at $2.4 billion) for FY21
Global banks are battling to keep junior investment bankers in Asia where financial technology firm and investment companies can offer a route to faster promotion and the prospects for higher earnings
Deutsche Bank is still working through how much flexibility it will offer employees over the long term, according to a separate memo earlier this week from investment-banking chief
Industry players estimate the average payouts to be in the range of 50-75 per cent of the bankers' annual salaries. For the top performers, the bonuses could be 100-125 per cent
ICICI plans to add five mid-to-senior level hires in each of the two units, which currently have 130 bankers in total.