The European Equity Capital Markets (ECM) Playbook 2025 leverages exclusive interviews with senior ECM leaders at Barclays, BNP Paribas (BNPP) and UBS, as well as several other interviewed banks, along with supporting data from the 2024 full-year and Q1 2025 Dealogic EMEA ECM league tables.
The analysts
Through the combined lens of insider insight and analytics, we explore market dynamics, strategic positioning, and client expectations shaping the ECM landscape in the months ahead.
The first months of 2025 have highlighted both the fragility and resilience of European ECM, with market volatility forcing issuers and investors alike to navigate cautiously amid an unpredictable global economic backdrop.
If European ECM activity accelerated in 2024 after a protracted period of stagnation, with promises of a 2025 pick-up, sentiment quickly deteriorated as macroeconomic risks persisted – including renewed US-EU trade tensions and the spectre...
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