Equity market deals shoot up in the first half

THE TOTAL value of equity deals done in the first half of this year has shot up by 27 per cent on the same period a year earlier, handing investment banks a boost from transaction fees.

Equity market transactions, such as company floats and share issuance, in the first six months of 2011 hit $412bn (£256.5bn), according to data provided by Thomson Reuters.

The bumper period handed investment banks a 22 per cent increase on the fees they recorded for the same period a year earlier, according to estimates from Freeman Consulting.

Fees from equity deals during the first half of 2011 totalled $10.8bn.

Goldman Sachs topped the league table for fees taken from equity market deals, taking $42.4bn from 137 deals and increasing its market share by 3.2 per cent.

Meanwhile, the total value of global debt market deals hit $3 trillion in the first six months of this year, a ten per cent increase on the same period a year earlier.

JP Morgan topped the list of banks handling debt market deals, with total proceeds of $212bn from just over 700 deals. Based on first half underwriting fees, JP Morgan topped all other underwriters with an estimated $932.8m.