Global ECM volume fell 29% from 2001 levels to $308.1 billion in 2002 according to financial data services provider Dealogic. Goldman Sachs retains its place as top bookrunner in global ECM for the eighth year in a row.
Global IPO volume fell 36% to $55.6 billion, with the Europe Middle East and Africa (EMEA) region the worst hit. EMEA IPO volumes collapsed 66% to just $10.9 billion. In the US the number of deals fell more modestly from 86 to 82, but at $24.4
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