Insight
Renewables PF struggle against oil & gas wave
Climate accord and leading PF sectors 2018 is a key year for the Paris Climate Accord, as milestones will be measured by the end of December. At first glance, global project finance (PF) seems to reflect this shift towards renewables. From 2017 YTD to 2018 YTD, oil & gas PF volume decreased 34% to $58.6bn, […]
Insight
The great unwind of a Chinese giant
Getting to the Fortune 500 It took less than two decades for HNA to transform from a domestic airline to a Fortune-500 conglomerate, with $147.4bn in assets as of its June 2017 report. With more than 400 entities, it was the most prominent private-sector contributor to China’s outbound M&A wave between 2015 and 2017. Thanks […]
Insight
Zuora IPO subscribes to 43% pop
Enterprise subscription–services provider Zuora raised $154m from its IPO, valuing the company at more than $1.4bn. It follows a 4-year high for US-listed software IPOs in the first quarter. As a trusted financial platform partner, Dealogic helped each of the bookrunners—Goldman Sachs, Morgan Stanley, Allen & Co, and Jefferies—seamlessly execute the transaction through the DealManager […]
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Non-US companies eye US IPOs
Cross-border IPOs flourish With big names including Dropbox ($869m) and Chinese online streaming platform iQIYI ($2.3bn) coming to market in late March, 2018 saw the highest Q1 volume for US-listed IPOs ($17.2bn via 51 deals) since 2008. That year, volume reached $24.2bn via 25 deals in Q1, pushed up by Visa’s then-record $19.7bn IPO. Of […]
Insight
Q1 2018 Loan Market Highlights
Jumbo loans hide timid activity While global loan volume crossed the $1tr mark ($1.03tr) in Q1, jumbo loans ($1bn+) accounted for 64.2% of the total (the highest Q1 share on record), with the likes of Axa, Keurig Green, and PRPC Refinery tapping the market for new money via jumbo facilities. Jumbo volume masked a 29% […]
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Q1 2018 M&A Highlights
Fastest start on record On the back of the strong momentum from late 2017, Q1 2018 global announced M&A volume reached $1.12tr. This is the fastest Q1 ever, surpassing the previous two record years: 2007 ($1.08tr) and 2000 ($1.06tr). It was also significantly above the 23-year average Q1 volume ($0.62tr). Deal size balloons […]
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Q1 2018 ECM Highlights
January record in a volatile quarter The ECM market kicked off the year with $10.5bn raised globally in the first week alone, with total volume by the end of January standing at $76.7bn—a new record for the month (eclipsing $63.6bn in January 2014). Issuance was then dampened following market volatility in early February which led […]
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Q1 2018 DCM Highlights
A strong quarter, which could have been better Global DCM markets had a robust start of the year with volume in Q1 totaling $1.89tr from 5,479 deals. This was the second strongest initial quarter since 2013 ($1.98tr issued last year) and the third largest in total for the past 10 years ($2.02tr in Q1 2012). […]
Insight
See behind M&A's trillion-dollar record
Global announced M&A had the fastest start on record this year, with volume growing 50% year-on-year to breach $1tr in March. Our Global Head of Research, Christian Dresler, dissects the driving forces behind this achievement. Contact us for the underlying analysis on global M&A, or learn more about the powerful Dealogic platform.