The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Best underwrite of secondary equity offerings

Goldman Sachs

Awards for Excellence 2000


While the IPO market has forged ahead strongly in the last year, it has also been a buoyant period for secondary offerings - again driven by the telecoms, media and technology sectors.


Goldman Sachs has enjoyed a better year than most in the secondary markets, leading big telecom deals in China, Japan and Germany.


Mike Evans, managing director and global co-head of equity capital markets at Goldman Sachs, says the current level of activity is set to continue, despite recent market volatility. "While it has been a volatile period, the market has been very receptive to both new capital raising and well-structured good stories for secondary offerings," he says. "Notwithstanding that the market will still be volatile, I would expect them to continue to be busy."


Evans says crucially there is still investor demand in the telecoms, media and technology sectors, and it is not being dimmed, despite the amount of deals in recent months. "When you think about governments selling shares in Deutsche Telekom, NTT in Japan, other governments selling telecoms in Sweden, Finland or Norway, there is a lot of paper out there and yet these deals, providing they're properly structured, and most importantly properly marketed, are still meeting with very strong investor receptivity."





You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree