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ECM fee pool at 17-year high as activity up 2.5x

July 11, 2024

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Business Standard

The fee pocketed by investment banks for handling equity share sales stood at $244 million during the first half of calendar year 2024.

- SAMIE MODAK

ECM fee pool at 17-year high as activity up 2.5x

This was the highest first half figure since 2007, according to LSEG Data & Analytics, a provider of financial markets data.

Capital mobilised via equity capital market (ECM) activity jumped 2.5 times to $29.5 billion the highest-ever semi-annual total in terms of proceeds.

ECM comprises initial public offerings (IPO), follow-on offerings, such as block deals, followon public offerings (FPOs) and qualified institutional placements (QIPS).

Indian firms raised $4.4 billion double that of the first half of 2023 - with the number of issues rising 71 per cent.

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