Morgan Stanley Surpasses Goldman Sachs, Ranks in Asia (Excluding Japan) Equity Underwriting Top Three

August 3rd, Morgan Stanley replaced Goldman Sachs as one of the top three underwriters for Asian stock offerings last month, excluding Japan. So far this year, the total issuance in this market has increased by 55% compared to the same period last year.

According to compiled data, companies raised $162 billion through stock offerings in July, compared to $104.8 billion during the same period last year. Morgan Stanley's market share rose to 6.07%, surpassing Goldman Sachs's 5.62%; China International Capital Corporation held the top underwriting position with a 13.1% share. Changxin Memory completed a $9.84 billion fundraising in July, making it the largest single stock offering of the month.