Latest news with #equitycapitalmarkets
Bloomberg
a day ago
- Business
- Bloomberg
Small Banks Are Upbeat About IPOs Rebounding for Rest of 2025
By and Natalia Kniazhevich Save Executives at smaller investment banks are giving bullish forecasts for equity capital markets for the rest of the year. Evercore Inc. and Stifel Financial Corp. are positive about the flow of initial public offerings going forward, betting that lesser volatility coupled with the White House agenda to ease regulations could spur more activity. Evercore saw a 4% year-over-year jump in its equity and debt underwriting fees to $32.2 million, the firm reported Wednesday.
Zawya
23-07-2025
- Business
- Zawya
Barclays hires global chairman of investment banking
Barclays has appointed former Deutsche Bank executive Alex Ham as global chairman of investment banking, the British lender said on Wednesday. Ham was most recently co-CEO of Deutsche Neumis and head of global private growth capital at Deutsche Bank, with a focus on clients in the venture capital and technology sectors, where Barclays said it is looking to expand. The hire comes as Barclays looks to grow its market share in equity capital markets and mergers and acquisitions, traditional banking advisory markets that have been dominated by Wall Street rivals in recent years. Ham will start at Barclays in early 2026, the bank said. (Reporting by Lawrence White; Editing by Jan Harvey)
Reuters
23-07-2025
- Business
- Reuters
Barclays hires global chairman of investment banking
LONDON, July 23 (Reuters) - Barclays (BARC.L), opens new tab has appointed former Deutsche Bank ( opens new tab executive Alex Ham as global chairman of investment banking, the British lender said on Wednesday. Ham was most recently co-CEO of Deutsche Neumis and head of global private growth capital at Deutsche Bank, with a focus on clients in the venture capital and technology sectors, where Barclays said it is looking to expand. The hire comes as Barclays looks to grow its market share in equity capital markets and mergers and acquisitions, traditional banking advisory markets that have been dominated by Wall Street rivals in recent years. Ham will start at Barclays in early 2026, the bank said.
Zawya
23-07-2025
- Business
- Zawya
UAE could see up to five IPOs before year-end, says Citi
The equity capital markets in the UAE could see as many as five listings before year-end, according to Citi. 'We expect three to five IPOs before year-end in the UAE if the regulatory approvals are granted on time and if the pre-marketing round is successful,' Rudy Saadi, Citi's Managing Director and Head of MENA Equity Capital Markets, told Zawya. 'Perhaps we are seeing less UAE privatisations, and there's an impression that the market is not that busy, however… we remain optimistic for the second half of 2025 and the first half of next year.' Potential IPOs lined up include Dubai-based classifieds company Dubizzle Group, which reportedly tapped banks last year, along with hospitality group Five Holdings. In March, reports of a potential listing by Alec, a construction firm backed by the Investment Corporation of Dubai, also gained momentum. Two potential IPOs are in focus in Abu Dhabi: The ADQ-backed $1 billion Etihad Airways float and the planned listing of IHC's holding company 2PointZero by year-end. Revised pipeline While the IPO pipeline remains on track, according to Saadi, some companies have more 'difficult business models' than others, resulting in valuations coming under scrutiny. 'The global emerging market funds and sector funds, including US investors, are always looking at the UAE and Saudi as these are the most active markets in the GCC. So, IPOs will still launch and price, but not at any valuation given the higher scrutiny,' he said. 'If an IPO is expected to launch after summer and it is delayed, it is not necessarily due to lack of investor demand, but rather due to delayed regulatory approvals or a shareholder decision to explore a different execution window.' Saadi dismissed that investors remained cautious in light of recent geopolitical headwinds in the region, oil price fluctuations, and a US-tariff fuelled trade war. 'Domestic markets are not jittery, the windows are open, and local investors have proven to be critical to de-risk IPOs ahead of launch,' he said, citing the success of the Dubai Residential REIT, which raised AED 2.14 billion ($584 million) from its IPO in May, which saw Citi as one of the joint global bookrunners. 'We also saw Flynas which was priced on the Saudi Exchange. This was followed by the FAB Accelerated Equity Offering,' he said, referring to the $480 million secondary share sale in June that saw Citi as the bookrunner for the deal. 'The market is busy, and the pipeline is healthy despite the macro and geopolitical challenges we saw in Q2-25.' Citi is currently advising on the rights issue of ACWA Power, as the Saudi utility giant plans to raise 7.12 billion riyals ($1.9 billion) this month by offering additional shares. A total of 25 IPOs were recorded during the first half of 2025, two more than last year at this time and the highest first half totals since 2008, according to LSEG Deals Intelligence data, which raised a combined $4.5 billion, indicating a 25% increase from last year. Low-cost airline Flynas raised $1.1 billion in its stock market debut in May, the largest IPO in the region so far this year. Saadi sees growing demand for unlisted sectors such as technology, fintech, utilities, education, and transportation in the UAE and Saudi Arabia. Market development More private, non-government related companies in the GCC should tap the market and there should be more follow-on offerings that can slowly increase liquidity and free float in the market, Saadi noted. Proceeds raised from follow-on offerings reached $3.1 billion during the first quarter of 2025, largely boosted by ADNOC Gas' $2.8 billion share sale in February. (Reporting by Bindu Rai, editing by Seban Scaria)
Yahoo
21-07-2025
- Business
- Yahoo
Citi hires Vargas from JPMorgan to lead equity capital markets in North America
NEW YORK (Reuters) -Citigroup hired Bernal Vargas from JPMorgan Chase to lead its equity capital markets division in North America, according to a memo seen by Reuters on Monday. Vargas will be based in New York. He was most recently the head of Americas cash equity sales at JPMorgan, according to the memo signed by Doug Adams, Citi's global co-head of equity capital markets. Vargas previously worked at Merrill Lynch and Goldman Sachs. He will join later this year, the memo added, without specifying a date. Citigroup's head of banking, Viswas Raghavan, has been announcing high-profile hires as the bank expands its investment banking business and revenue. Citi hired David Friedland from Goldman Sachs as co-head of North America investment banking coverage. It also recruited two executives from JPMorgan for its financing business. The lender plans to raise its investment banking headcount in Japan by 10% to 15% over the next year and make new hires in Australia.
