GLOBAL EQUITY CAPITAL MARKET - Bloomberg Finance LP

GLOBAL EQUITY CAPITAL MARKET

LEAGUE TABLES

H1 2017

CONTENTS

1. Global market review 2. US market review 3. Canada market review 4. Latin America market review 5. EMEA market review 6. Asia market review 7. Table criteria

H1 2017 MANAGER RANKINGS

GLOBAL EQUITY, EQUITY LINKED & RIGHTS

Bloomberg's global equity offerings database consists of nearly 87,000 deals (with approximately 43,000 IPOs and over 43,000 additional offerings), and coverage of more than 500 financial advisors and 500 legal advisors.

LEAG for a full range of league tables IPO for Bloomberg's equity offerings product

Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service.

DATA SUBMISSIONS AND QUERIES

North America EMEA Asia Pacific

Contact

Irina Arefyeva Karan Aswani Billy Sun

? 2017 Bloomberg Finance L.P. All rights reserved.

Phone

+1 646 324 4663 +44 20 3525 4331 +886 2 77191571

Email

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Bloomberg

Global Equity Review

H1 2017 credited Global Equity, Equity Linked & Rights volume increased 43.76% to USD 371.3 Bln while deal count increased 34.81% to 2,343 offerings year-on-year. Global Equity IPO volume increased 87.62% year-on-year to USD 88.7 Bln while the deal count increased 71.84% to 775. Global Equity Linked volume increased 22.33% year-on-year to USD 48.0 Bln over 184 deals. JP Morgan ranked as the top Global Equity, Equity Linked & Rights underwriter for H1 2017 with 8.59% market share. The bank underwrote 217 deals over the period. Morgan Stanley and Goldman Sachs ranked second and third with 8.01% and 7.44% market share, respectively.

Global Equity, Equity Linked & Rights: Highlights of H1 2017

Top Underwriter

Number of deals Volume (USD Mln) Avg Deal size (USD Mln)

Market Summary

Number of deals Volume (USD Mln) Avg Deal size (USD Mln)

JP Morgan 217

31,876 146.9

2,343 371,262

158.5

Issuer

UniCredit SpA Deutsche Bank AG China Everbright Bank Co Ltd Electricite de France SA Credit Suisse Group AG Snap Inc Allied Irish Banks PLC Renesas Electronics Corp Lonza Group AG Barclays Africa Group Ltd

Industry

Financials Financials Financials

Utilities Financials Communications Financials Technology Materials Financials

Volume (USD Mln)

13,737 8,657 4,348 4,343 4,257 3,910 3,343 3,177 2,966 2,909

Date

02/23/2017 03/21/2017 03/15/2017 03/21/2017 06/07/2017 03/01/2017 06/23/2017 06/12/2017 05/10/2017 06/01/2017

USD Bln

Deal Count

Global Equity, Equity Linked & Rights: Quarterly Volume

Deal Count

Rights

E qui ty -Li nk ed

IPO

Add'l

300

1,800

250

1,500

200

1,000 150

100 500

50

0

0

QQ22 22001122 QQ22 22001133 QQ22 22001144 QQ22 22001155 QQ22 22001166 QQ22 22001177

Quarters

Global Equity | H1 2017

Global Equity, Equity Linked & Rights: Industry Breakdown

8%

5%

7%

35%

8%

8% 8% 11% 10%

Financials 35% Consumer Discretionary 11% Industrials 10% Technology 8% Health Care 8% Energy 8% Materials 7% Communications 5% Others 8%

Global Equity, Equity Linked & Rights: Industry Breakdown

Industry

Financials Consumer Discretionary Industrials Technology Health Care Energy Materials Communications Consumer Staples Utilities

Volume (USD Mln)

140,785 46,181 38,948 33,503 32,309 31,993 29,024 21,337 15,599 15,556

% Of Total

34.7% 11.4% 9.6% 8.3% 8.0% 7.9% 7.2% 5.3% 3.8% 3.8%

% YOY Change

73.2% 57.8% 72.1% 44.1% 34.5% -31.4% 29.6% 65.3% 5.8% 6.5%

Global Equity, Equity Linked & Rights: Offering Breakdown

Offering Type

Additional Offerings IPO Rights Offerings Equity-Linked

Volume (USD Mln)

194,345 95,377 57,348 55,472

% Of Total

48.3% 23.7% 14.2% 13.8%

% YOY Change

27.5% 96.2% 81.4% -4.5%

Bloomberg League Table Reports

Page 1

Bloomberg

Global Equity | H1 2017

Firm

JP Morgan Morgan Stanley Goldman Sachs Citi Bank of America Merrill Lynch UBS Barclays Credit Suisse Deutsche Bank RBC Capital Markets Wells Fargo BNP Paribas Societe Generale Jefferies HSBC BMO Capital Markets Nomura Mizuho Financial Sumitomo Mitsui Financial Banco Santander TOTAL

Firm

Morgan Stanley Citi JP Morgan Goldman Sachs Bank of America Merrill Lynch UBS Barclays Credit Suisse Deutsche Bank RBC Capital Markets Wells Fargo Jefferies BMO Capital Markets BNP Paribas Sumitomo Mitsui Financial TD Securities Nomura Mizuho Financial Societe Generale Stifel TOTAL

Global Equity, Equity Linked & Rights

H1 2017

H1 2016

Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%)

1

8.586

2

8.014

3

7.437

4

7.022

5

6.477

6

4.520

7

4.230

8

3.839

9

3.839

10

2.423

11

1.956

12

1.945

13

1.384

14

1.380

15

1.199

16

1.168

17

0.992

18

0.914

19

0.846

20

0.821

100%

31,876 29,752 27,612 26,068 24,046 16,780 15,705 14,251 14,251 8,995 7,262 7,221 5,137 5,123 4,452 4,338 3,683 3,393 3,142 3,048 371,261

217

1

223

2

170

3

202

4

176

5

111

8

118

9

139

6

118

7

88

10

80

15

59

13

37

22

68

17

30

19

59

14

49

12

33

20

34

29

22

33

2,343

9.377 8.080 7.375 6.198 6.040 3.954 3.945 5.271 5.001 2.714 1.494 1.639 0.825 1.160 0.988 1.511 1.691 0.977 0.547 0.425 100%

Rank Mkt Share(%)

1

8.188

2

7.808

3

7.797

4

7.623

5

6.865

6

4.447

7

4.320

8

3.975

9

3.733

10

2.680

11

1.816

12

1.334

13

1.196

14

1.173

15

1.106

16

1.025

17

0.939

18

0.906

19

0.808

20

0.769

100%

Global Equity Offerings

H1 2017

H1 2016

Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%)

22,908 21,845 21,814 21,328 19,205 12,442 12,087 11,121 10,443 7,499 5,080 3,733 3,346 3,283 3,094 2,869 2,628 2,536 2,259 2,152 279,765

184

3

174

4

173

1

142

2

145

5

93

8

100

7

123

6

97

9

76

10

67

13

60

15

49

12

33

24

32

25

27

11

45

18

28

21

20

23

49

35

2,034

7.318 6.678 9.270 7.632 6.410 4.458 4.473 6.307 3.900 3.279 1.842 1.238 1.949 0.636 0.563 2.269 0.870 0.813 0.664 0.412 100%

Mkt Share Chg(%)

-0.791 -0.066 0.062 0.824 0.437 0.566 0.285 -1.432 -1.162 -0.291 0.462 0.306 0.559 0.220 0.211 -0.343 -0.699 -0.063 0.299 0.396

Mkt Share Chg(%)

0.870 1.130 -1.473 -0.009 0.455 -0.011 -0.153 -2.332 -0.167 -0.599 -0.026 0.096 -0.753 0.537 0.543 -1.244 0.069 0.093 0.144 0.357

Firm

JP Morgan Morgan Stanley Goldman Sachs Citi Bank of America Merrill Lynch UBS Barclays Deutsche Bank Credit Suisse RBC Capital Markets Wells Fargo BNP Paribas Jefferies BMO Capital Markets Nomura Societe Generale Mizuho Financial Sumitomo Mitsui Financial TD Securities HSBC TOTAL

Global Equity & Equity Linked

H1 2017

H1 2016

Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%)

1

8.874

2

8.433

3

7.695

4

7.354

5

6.630

6

4.281

7

4.251

8

3.818

9

3.747

10

2.529

11

2.216

12

1.610

13

1.409

14

1.324

15

1.124

16

1.041

17

1.035

18

0.959

19

0.896

20

0.733

100%

29,082 27,637 25,219 24,102 21,728 14,029 13,931 12,511 12,280 8,289 7,262 5,275 4,616 4,338 3,683 3,411 3,393 3,142 2,938 2,403 327,716

206

1

216

2

161

3

195

4

169

5

103

8

113

9

111

7

133

6

86

10

80

14

48

15

66

18

59

13

49

12

30

22

33

19

34

24

32

11

22

20

2,218

9.824 8.671 7.508 6.416 6.022 4.001 3.937 5.069 5.509 2.972 1.636 1.569 1.081 1.655 1.827 0.750 1.070 0.599 1.932 0.916 100%

Mkt Share Chg(%)

-0.950 -0.238 0.187 0.938 0.608 0.280 0.314 -1.251 -1.762 -0.443 0.580 0.041 0.328 -0.331 -0.703 0.291 -0.035 0.360 -1.036 -0.183

Firm

Citi JP Morgan Deutsche Bank Goldman Sachs Morgan Stanley Credit Suisse Bank of America Merrill Lynch Barclays UBS RBC Capital Markets GF Securities Haitong Securities Co Ltd China Merchants Securities China International Capital Corp CITIC Securities Co Ltd Guosen Securities Co Ltd Jefferies Nomura China Securities Co Ltd Guotai Junan Securities Co Ltd TOTAL

Global Equity IPO

H1 2017

H1 2016

Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%)

1

6.905

2

6.237

3

5.350

4

5.089

5

5.026

6

4.760

7

2.913

8

2.899

9

2.440

10

2.028

11

1.919

12

1.213

13

1.195

14

1.191

15

1.185

16

1.185

17

1.084

18

1.081

19

1.070

20

1.044

100%

6,127 5,535 4,748 4,516 4,461 4,224 2,585 2,572 2,165 1,800 1,703 1,077 1,060 1,057 1,052 1,051 962 959 950 927 88,741

60

3

47

2

39

5

37

4

45

1

42

7

30

6

26

9

17

8

20

32

24

27

24

14

14

31

12

36

17

15

15

50

21

22

21

16

12

20

14

24

775

6.274 6.626 4.240 5.019 6.683 2.701 3.844 2.162 2.643 0.856 1.022 1.461 0.873 0.742 1.417 0.456 1.118 1.416 1.162 1.078 100%

Mkt Share Chg(%)

0.631 -0.389 1.110 0.070 -1.657 2.059 -0.931 0.737 -0.203 1.172 0.897 -0.248 0.322 0.449 -0.232 0.729 -0.034 -0.335 -0.092 -0.034

Bloomberg League Table Reports

Page 2

Bloomberg

Firm

JP Morgan Morgan Stanley Goldman Sachs Bank of America Merrill Lynch Citi Wells Fargo Deutsche Bank BNP Paribas Barclays UBS Credit Suisse Societe Generale Nomura BMO Capital Markets China International Capital Corp Jefferies Mizuho Financial HSBC RBC Capital Markets Everbright Securities Co TOTAL

Rank Mkt Share(%)

1

15.157

2

9.863

3

8.114

4

5.263

5

4.706

6

4.549

7

4.312

8

4.155

9

3.846

10

3.310

11

2.418

12

2.403

13

2.200

14

2.070

15

2.034

16

1.843

17

1.788

18

1.767

19

1.648

20

1.511

100%

Global Equity Linked

H1 2017

H1 2016

Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%)

7,268 4,730 3,891 2,524 2,257 2,181 2,068 1,992 1,844 1,587 1,159 1,152 1,055 992 975 884 858 847 790 725 47,951

33

2

32

1

19

4

24

8

21

7

13

25

14

3

15

6

13

15

10

11

10

12

10

17

4

5

10

49

3

16

6

40

5

9

7

14

10

13

1

-

184

12.601 15.460 6.889 4.074 5.100 0.608 10.935 6.251 1.250 1.712 1.503 1.184 6.628 0.181 1.187 0.293 2.360 1.421 1.428

100%

Mkt Share Chg(%)

2.556 -5.597 1.225 1.189 -0.394 3.941 -6.623 -2.096 2.596 1.598 0.915 1.219 -4.428 1.889 0.847 1.550 -0.572 0.346 0.220 1.511

Global Equity | H1 2017

Bloomberg League Table Reports

Page 3

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