While 2017 global IPO volume hovered above the 10-year average, activity took off to reach a 10-year high. Our ECM Product Director, James Fawcett, examines the market recovery into 2018.
Global IPO ranking for full-year 2017
Total IPO activity soared 50% year-on-year in 2017, which raised $199.2bn in global volume. With 1,770 deals, 2017 marked the third most active year for global IPOs on record, following 2000 (2,141 IPOs) and 2007 (1,956 IPOs).
| 2017 global IPO bookrunner league table by volume | |||||
|---|---|---|---|---|---|
| Pos. | Bookrunner | Volume | No. | Share | 2016 |
| 1 | Citi | $12,440m | 116 | 6.3% | 4 |
| 2 | Morgan Stanley | $11,188m | 96 | 5.7% | 2 |
| 3 | JPMorgan | $10,837m | 95 | 5.5% | 1 |
| 4 | Credit Suisse | $10,759m | 86 | 5.4% | 6 |
| 5 | Goldman Sachs | $8,462m | 74 | 4.3% | 3 |
| 6 | UBS | $7,112m | 48 | 3.6% | 8 |
| 7 | Bank of America Merrill Lynch | $6,271m | 67 | 3.2% | 7 |
| 8 | Deutsche Bank | $6,260m | 57 | 3.2% | 5 |
| 9 | CITIC Securities | $3,482m | 43 | 1.8% | 12 |
| 10 | Barclays | $3,456m | 38 | 1.8% | 14 |
| Total 2017 IPO volume | $199.2bn | 1,770 | |||