Equities

US Equities Continue To Rise, Now Led By Small Caps (up 6.7% MTD vs 2.9% for the S&P 500)

The extreme concentration of index returns around technology stocks is starting to broaden out, which should keep the rally intact for a while in the absence of a clear catalyst for a correction

Published ET

S&P 600 Small Caps vs Nasdaq 100 Relative Performance | Source: Refinitiv

S&P 600 Small Caps vs Nasdaq 100 Relative Performance | Source: Refinitiv

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DAILY SUMMARY

  • Daily performance of US indices: S&P 500 up 0.11%; Nasdaq Composite up 0.16%; Wilshire 5000 up 0.20%
  • 43.9% of S&P 500 stocks were up today, with 52.5% of stocks above their 200-day moving average (DMA) and 54.9% above their 50-DMA
  • Top performing sectors in the S&P 500: technology up 0.46% and consumer discretionary up 0.44%
  • Bottom performing sectors in the S&P 500: materials down -0.82% and utilities down -0.58%
  • The number of shares in the S&P 500 traded today was 578m for a total turnover of US$ 64 bn
  • The S&P 500 Value Index Index was unchanged, while the S&P 500 Growth Index Index was up 0.2%; the S&P small caps index was down -1.0% and mid caps were down -0.6%
  • The volume on CME's INX (S&P 500 Index) was 2141.5m (3-month z-score: -0.6); the 3-month average volume is 2562.7m and the 12-month range is 903.0 - 5761.3m
  • Daily performance of international indices: Europe Stoxx 600 down -0.15%; UK FTSE 100 down -0.49%; Hang Seng SH-SZ-HK 300 Index up 0.48%; Japan's TOPIX 500 up 1.53%

 

US Equity Risk Premium | Sources: phipost.com, FactSet & Refinitiv data

VOLATILITY TODAY

  • 3-month at-the-money implied volatility on the S&P 500 at 10.5%, down from 10.6%
  • 3-month at-the-money implied volatility on the STOXX Europe 600 at 10.2%, down from 10.5%

TOP WINNERS TODAY

  • Blue Apron Holdings Inc (APRN), up 67.3% to $8.95 / YTD price return: -10.1% / 12-Month Price Range: $ 4.91-98.64 (the stock is currently on the short sale restriction list)
  • Olema Pharmaceuticals Inc (OLMA), up 19.4% to $7.82 / YTD price return: +219.2% / 12-Month Price Range: $ 2.19-7.82 / Short interest (% of float): 2.7%; days to cover: 4.5
  • Oil-Dri Corporation of America (ODC), up 16.1% to $47.07 / YTD price return: +40.3% / 12-Month Price Range: $ 22.14-47.07 / Short interest (% of float): 0.2%; days to cover: 0.6
  • Nikola Corp (NKLA), up 15.8% to $0.71 / YTD price return: -67.4% / 12-Month Price Range: $ 0.52-8.97 / Short interest (% of float): 17.9%; days to cover: 3.8
  • Disc Medicine Inc (IRON), up 15.8% to $45.69 / YTD price return: +129.7% / 12-Month Price Range: $ 11.80-45.69 / Short interest (% of float): 1.9%; days to cover: 2.3
  • Disc Medicine Inc (IRON), up 15.8% to $45.69 / YTD price return: +129.7% / 12-Month Price Range: $ 11.80-45.69 / Short interest (% of float): 1.9%; days to cover: 2.3
  • Marinus Pharmaceuticals Inc (MRNS), up 14.1% to $10.42 / YTD price return: +161.8% / 12-Month Price Range: $ 3.47-10.42 / Short interest (% of float): 3.7%; days to cover: 2.5
  • 4D Molecular Therapeutics Inc (FDMT), up 12.6% to $21.97 / YTD price return: -1.1% / 12-Month Price Range: $ 5.32-26.49 / Short interest (% of float): 7.7%; days to cover: 4.4
  • Energy of Minas Gerais Co (CIGc), up 11.4% to $3.90 / YTD price return: +28.3% / 12-Month Price Range: $ 2.80-4.20 / Short interest days to cover: 0.7
  • Joby Aviation Inc (JOBY), up 11.2% to $6.96 / YTD price return: +107.8% / 12-Month Price Range: $ 3.15-7.15 / Short interest (% of float): 10.0%; days to cover: 12.4

BIGGEST LOSERS TODAY

  • Planet Labs PBC (PL), down 30.4% to $3.41 / YTD price return: -21.6% / 12-Month Price Range: $ 3.29-7.52 / Short interest (% of float): 3.5%; days to cover: 5.9 (the stock is currently on the short sale restriction list)
  • PepGen Inc (PEPG), down 25.1% to $12.28 / YTD price return: -8.2% / 12-Month Price Range: $ 4.32-20.00 / Short interest (% of float): 0.9%; days to cover: 6.4 (the stock is currently on the short sale restriction list)
  • American Software Inc (AMSWA), down 23.2% to $10.31 / YTD price return: -29.8% / 12-Month Price Range: $ 10.31-19.34 / Short interest (% of float): 0.9%; days to cover: 2.7 (the stock is currently on the short sale restriction list)
  • Cineverse Corp (CNVS), down 21.5% to $4.04 / YTD price return: -47.9% / 12-Month Price Range: $ 4.04-315.20 / Short interest (% of float): 0.0%; days to cover: 0.3 (the stock is currently on the short sale restriction list)
  • Carvana Co (CVNA), down 21.3% to $19.07 / YTD price return: +302.3% / 12-Month Price Range: $ 3.55-58.05 / Short interest (% of float): 50.9%; days to cover: 2.9 (the stock is currently on the short sale restriction list)
  • Powerbridge Technologies Co Ltd (PBTS), down 17.2% to $1.51 / YTD price return: -50.0% / 12-Month Price Range: $ 1.51-1,989.00
  • Comtech Telecommunications Corp (CMTL), down 17.1% to $9.38 / YTD price return: -22.7% / 12-Month Price Range: $ 8.42-16.87 / Short interest (% of float): 7.3%; days to cover: 3.4 (the stock is currently on the short sale restriction list)
  • Wheels Up Experience Inc (UP), down 16.3% to $2.51 / YTD price return: -75.6% / 12-Month Price Range: $ 2.25-28.80 / Short interest (% of float): 0.3%; days to cover: 3.0 (the stock is currently on the short sale restriction list)
  • Applied Digital Corp (APLD), down 13.8% to $8.00 / YTD price return: +334.5% / 12-Month Price Range: $ .85-10.25 / Short interest (% of float): 4.6%; days to cover: 3.2 (the stock is currently on the short sale restriction list)
  • Argan Inc (AGX), down 13.7% to $38.19 / YTD price return: +3.6% / 12-Month Price Range: $ 31.26-45.27 / Short interest (% of float): 1.3%; days to cover: 2.6 (the stock is currently on the short sale restriction list)
S&P 1500 Price Performance This Week | Sources: phipost.com, Refinitiv dataS&P 500 1-Month Realized and ATM Implied Volatilities | Sources: phipost.com, Refinitiv data

TOP S&P 500 PERFORMERS THIS WEEK

  • Warner Bros Discovery Inc (WBD), up 17.8% to $13.84 / YTD price return: +46.0% / 12-Month Price Range: $ 8.83-17.65 / Short interest (% of float): 10.6%; days to cover: 4.1
  • Tesla Inc (TSLA), up 14.2% to $244.40 / YTD price return: +98.4% / 12-Month Price Range: $ 101.83-314.67 / Short interest (% of float): 7.0%; days to cover: 0.8
  • Bath & Body Works Inc (BBWI), up 12.0% to $42.23 / YTD price return: +.2% / 12-Month Price Range: $ 25.80-49.54
  • Ford Motor Co (F), up 10.9% to $13.74 / YTD price return: +24.2% / 12-Month Price Range: $ 10.10-15.88 / Short interest (% of float): 11.2%; days to cover: 3.3
  • Norwegian Cruise Line Holdings Ltd (NCLH), up 8.8% to $17.17 / YTD price return: +40.3% / 12-Month Price Range: $ 10.31-18.67
  • Caesars Entertainment Inc (CZR), up 8.1% to $48.50 / YTD price return: +16.6% / 12-Month Price Range: $ 31.31-56.74 / Short interest (% of float): 3.0%; days to cover: 2.4
  • CF Industries Holdings Inc (CF), up 8.0% to $67.97 / YTD price return: -20.2% / 12-Month Price Range: $ 60.09-119.57
  • United Rentals Inc (URI), up 7.6% to $389.02 / YTD price return: +9.5% / 12-Month Price Range: $ 230.73-481.66
  • Carnival Corp (CCL), up 7.5% to $13.09 / YTD price return: +62.4% / 12-Month Price Range: $ 6.12-13.18
  • ETSY Inc (ETSY), up 7.3% to $91.24 / YTD price return: -23.8% / 12-Month Price Range: $ 67.06-149.84 / Short interest (% of float): 9.8%; days to cover: 3.6

BOTTOM S&P 500 PERFORMERS THIS WEEK

  • Epam Systems Inc (EPAM), down 18.6% to $211.33 / YTD price return: -35.5% / 12-Month Price Range: $ 199.35-462.72
  • Campbell Soup Co (CPB), down 10.5% to $46.05 / YTD price return: -18.9% / 12-Month Price Range: $ 44.38-57.75
  • DISH Network Corp (DISH), down 10.3% to $6.55 / YTD price return: -53.3% / 12-Month Price Range: $ 5.91-20.67 / Short interest (% of float): 24.8%; days to cover: 5.6 (the stock is currently on the short sale restriction list)
  • CH Robinson Worldwide Inc (CHRW), down 8.1% to $89.73 / YTD price return: -2.0% / 12-Month Price Range: $ 86.63-121.23 / Short interest (% of float): 12.3%; days to cover: 12.5
  • Dollar General Corp (DG), down 7.8% to $153.05 / YTD price return: -37.8% / 12-Month Price Range: $ 153.05-261.52
  • First Solar Inc (FSLR), down 7.1% to $192.00 / YTD price return: +28.2% / 12-Month Price Range: $ 60.78-231.99 / Short interest (% of float): 33.2%; days to cover: 1.1
  • Estee Lauder Companies Inc (EL), down 6.2% to $176.53 / YTD price return: -28.9% / 12-Month Price Range: $ 176.53-284.27
  • Advance Auto Parts Inc (AAP), down 5.9% to $63.58 / YTD price return: -56.8% / 12-Month Price Range: $ 63.58-212.15
  • Moderna Inc (MRNA), down 5.6% to $123.26 / YTD price return: -31.4% / 12-Month Price Range: $ 115.06-217.20 / Short interest (% of float): 23.1%; days to cover: 5.2
  • Bio-Techne Corp (TECH), down 5.5% to $78.43 / YTD price return: -5.4% / 12-Month Price Range: $ 68.30-99.28 / Short interest (% of float): 1.9%; days to cover: 2.4

VALUATION MULTIPLES BY SECTORS

S&P 500 Historical Forward Multiples | Source: FactSetS&P 1500 Forward P/E Multiples | Sources: phipost.com, FactSet data

WEEKLY TOTAL RETURNS OF MAJOR GLOBAL EQUITY MARKETS

 

weekly USD total returns of the largest equity markets | Sources: phipost.com, FactSet data

TOP / BOTTOM PERFORMING WORLD MARKETS YTD

 

Top & Bottom USD Total Returns by country YTD | Sources: phipost.com, FactSet data

WORLD MARKET CAPITALIZATION (US$ Trillion)

  

World market capitalization (USD trillion) | Sources: phipost.com, FactSet data

IPOs RECENTLY ANNOUNCED OR PRICED IN NORTH AMERICA

  • Kenvue Inc / United States of America - Consumer Products and Services / Listing Exchange: New York / Ticker: KVUE / Gross proceeds (including overallotment): US$ 4,372.16m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Deutsche Bank Securities Inc, Citigroup Global Markets Inc, UBS Investment Bank, RBC Capital Markets LLC, HSBC Securities (USA) Inc, BNP Paribas Securities Corp, JP Morgan Securities LLC, BofA Securities Inc
  • ACELYRIN Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: SLRN / Gross proceeds (including overallotment): US$ 621.00m (offering in U.S. Dollar) / Bookrunners: Cowen & Co, Jefferies LLC, Morgan Stanley & Co LLC, Piper Sandler & Co
  • Prospect Energy Holdings Corp / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: AMGSU / Gross proceeds (including overallotment): US$ 300.00m (offering in U.S. Dollar) / Bookrunners: EF Hutton
  • Cirrus Aircraft Ltd / United States of America - Industrials / Listing Exchange: Hong Kong / Ticker: N/A / Gross proceeds (including overallotment): US$ 300.00m (offering in U.S. Dollar) / Bookrunners: China International Capital Corp HK Securities Ltd
  • Atmus Filtration Technologies Inc / United States of America - Industrials / Listing Exchange: New York / Ticker: ATMU / Gross proceeds (including overallotment): US$ 275.43m (offering in U.S. Dollar) / Bookrunners: Robert W Baird & Co Inc, Goldman Sachs & Co, Wells Fargo Securities LLC, HSBC Securities (USA) Inc, JP Morgan Securities LLC, BofA Securities Inc
  • Cava Group Inc / United States of America - Retail / Listing Exchange: NYSE Amex / Ticker: CAVA / Gross proceeds (including overallotment): US$ 260.00m (offering in U.S. Dollar) / Bookrunners: Robert W Baird & Co Inc, Stifel Nicolaus & Co Inc, William Blair & Co, Jefferies LLC, Morgan Stanley & Co LLC, JP Morgan Securities LLC, Piper Sandler & Co
  • Inflection Point Acquisition Corp II / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: IPXXU / Gross proceeds (including overallotment): US$ 220.00m (offering in U.S. Dollar) / Bookrunners: Cantor Fitzgerald & Co
  • Alchemy Investments Acquisition Corp 1 / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: ALCYU / Gross proceeds (including overallotment): US$ 100.00m (offering in U.S. Dollar) / Bookrunners: Cantor Fitzgerald & Co

IPOs RECENTLY ANNOUNCED OR PRICED INTERNATIONALLY

  • Syngenta Group Co Ltd / China - Materials / Listing Exchange: Shanghai / Ticker: N/A / Gross proceeds (including overallotment): US$ 9,277.76m (offering in Chinese Yuan) / Bookrunners: China International Capital Corp, CITIC Securities Co Ltd, BOC International (China) Ltd
  • Montepino Logistica Socimi SA / Spain - Industrials / Listing Exchange: EUACC / Ticker: MLMTP / Gross proceeds (including overallotment): US$ 1,023.09m (offering in EURO) / Bookrunners: Not Applicable
  • SHIFT UP Corp / South Korea - High Technology / Listing Exchange: Unknown / Ticker: - / Gross proceeds (including overallotment): US$ 757.71m (offering in Korean Won) / Bookrunners: Not Applicable
  • ADNOC Logistics & Services PLC / United Arab Emirates - Industrials / Listing Exchange: Abu Dhabi / Ticker: ADNOC / Gross proceeds (including overallotment): US$ 654.10m (offering in Utd. Arab Em. Dirham) / Bookrunners: Societe Generale SA, Abu Dhabi Commercial Bank PJSC, Citigroup Global Markets Ltd, Credit Agricole Corporate & Investment Bank, Arqaam Capital Ltd, JP Morgan Securities Plc, EFG-Hermes UAE Ltd, HSBC Bank Middle East Ltd, First Abu Dhabi Bank PJSC, International Securities LLC
  • Admiral Acquisition Ltd / British Virgin Islands(United Kingdom) - Financials / Listing Exchange: London / Ticker: ADMR / Gross proceeds (including overallotment): US$ 539.50m (offering in U.S. Dollar) / Bookrunners: Jefferies International Ltd, UBS AG London
  • CSI Solar Co Ltd / China - High Technology / Listing Exchange: SSES / Ticker: 688472 / Gross proceeds (including overallotment): US$ 408.44m (offering in Chinese Yuan) / Bookrunners: China International Capital Corp
  • Jamjoom Pharmaceuticals Factory Co / Saudi Arabia - Healthcare / Listing Exchange: Saudi Exch / Ticker: N/A / Gross proceeds (including overallotment): US$ 335.99m (offering in Saudi Arabian Riyal) / Bookrunners: Al Rajhi Capital, Saudi Fransi Capital, JP Morgan Saudi Arabia Co
  • Airoha Technology Corp / Taiwan - High Technology / Listing Exchange: Taiwan / Ticker: 6526 / Gross proceeds (including overallotment): US$ 300.75m (offering in Taiwanese Dollar) / Bookrunners: Not Applicable
  • CSI Solar Co Ltd / China - High Technology / Listing Exchange: SSES / Ticker: 688472 / Gross proceeds (including overallotment): US$ 295.43m (offering in Chinese Yuan) / Bookrunners: China International Capital Corp

SECONDARIES RECENTLY ANNOUNCED OR PRICED IN NORTH AMERICA

  • Welltower Inc / United States of America - Real Estate / Listing Exchange: New York / Ticker: WELL / Gross proceeds (including overallotment): US$ 2,532.14m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • GE Healthcare Technologies Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: GEHC / Gross proceeds (including overallotment): US$ 1,950.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Evercore Group, Citigroup Global Markets Inc, SG Americas Securities LLC, Credit Agricole Corporate & Investment Bank, Morgan Stanley & Co LLC, BNP Paribas Securities Corp, JP Morgan Securities LLC, MUFG Securities Americas Inc, Mizuho Securities USA LLC, BofA Securities Inc
  • Agilon Health Inc / United States of America - Healthcare / Listing Exchange: New York / Ticker: AGL / Gross proceeds (including overallotment): US$ 1,868.01m (offering in U.S. Dollar) / Bookrunners: Nomura Securities International Inc, Cowen & Co, Goldman Sachs & Co, William Blair & Co, Deutsche Bank Securities Inc, RBC Capital Markets, Wells Fargo Securities LLC, WR Securities LLC, JP Morgan Securities LLC, BofA Securities Inc, Truist Securities Inc, SVB Securities LLC
  • Lucid Group Inc / United States of America - Industrials / Listing Exchange: Nasdaq / Ticker: LCID / Gross proceeds (including overallotment): US$ 1,800.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Lucid Group Inc / United States of America - Industrials / Listing Exchange: Nasdaq / Ticker: LCID / Gross proceeds (including overallotment): US$ 1,185.31m (offering in U.S. Dollar) / Bookrunners: BofA Securities Inc
  • Corebridge Financial Inc / United States of America - Financials / Listing Exchange: New York / Ticker: CRBG / Gross proceeds (including overallotment): US$ 1,056.25m (offering in U.S. Dollar) / Bookrunners: Morgan Stanley & Co, JP Morgan Securities LLC, BofA Securities Inc, Piper Sandler & Co
  • Privia Health Group Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: PRVA / Gross proceeds (including overallotment): US$ 936.35m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co
  • Rexford Industrial Realty Inc / United States of America - Real Estate / Listing Exchange: New York / Ticker: REXR / Gross proceeds (including overallotment): US$ 750.60m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Wells Fargo Securities LLC, Scotia Capital (USA) Inc., JP Morgan Securities LLC, Truist Securities Inc
  • Jefferies Financial Group Inc / United States of America - Financials / Listing Exchange: New York / Ticker: JEF / Gross proceeds (including overallotment): US$ 746.50m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • US Foods Holding Corp / United States of America - Consumer Staples / Listing Exchange: New York / Ticker: USFD / Gross proceeds (including overallotment): US$ 695.26m (offering in U.S. Dollar) / Bookrunners: Morgan Stanley & Co LLC
  • MicroStrategy Inc / United States of America - High Technology / Listing Exchange: Nasdaq / Ticker: MSTR / Gross proceeds (including overallotment): US$ 625.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Host Hotels & Resorts Inc / United States of America - Real Estate / Listing Exchange: Nasdaq / Ticker: HST / Gross proceeds (including overallotment): US$ 600.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Boston Properties Inc / United States of America - Real Estate / Listing Exchange: New York / Ticker: BXP / Gross proceeds (including overallotment): US$ 600.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Camden Property Trust / United States of America - Real Estate / Listing Exchange: New York / Ticker: CPT / Gross proceeds (including overallotment): US$ 500.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Agree Realty Corp / United States of America - Real Estate / Listing Exchange: New York / Ticker: ADC / Gross proceeds (including overallotment): US$ 446.60m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Core & Main Inc / United States of America - Industrials / Listing Exchange: New York / Ticker: CNM / Gross proceeds (including overallotment): US$ 396.90m (offering in U.S. Dollar) / Bookrunners: JP Morgan Securities LLC
  • New York Community Bancorp Inc / United States of America - Financials / Listing Exchange: New York / Ticker: NYCB / Gross proceeds (including overallotment): US$ 392.38m (offering in U.S. Dollar) / Bookrunners: Barclays Capital Inc
  • Ryan Specialty Group Holdings Inc / United States of America - Financials / Listing Exchange: New York / Ticker: RYAN / Gross proceeds (including overallotment): US$ 391.05m (offering in U.S. Dollar) / Bookrunners: Barclays Capital Inc
  • ImmunoGen Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: IMGN / Gross proceeds (including overallotment): US$ 373.75m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Guggenheim Securities LLC, Jefferies LLC
  • Ryman Hospitality Properties Inc / United States of America - Real Estate / Listing Exchange: New York / Ticker: RHP / Gross proceeds (including overallotment): US$ 359.01m (offering in U.S. Dollar) / Bookrunners: Deutsche Bank Securities Inc, Wells Fargo Securities LLC, BTIG LLC, Morgan Stanley & Co LLC, JP Morgan Securities LLC, BofA Securities Inc

SECONDARIES RECENTLY ANNOUNCED OR PRICED INTERNATIONALLY

  • Shanghai Zhenhua Heavy Industries Co Ltd / China - Industrials / Listing Exchange: Shanghai / Ticker: 900947 / Gross proceeds (including overallotment): US$ 5,651.15m (offering in Chinese Yuan) / Bookrunners: Not Applicable
  • London Stock Exchange Group PLC / United Kingdom - Financials / Listing Exchange: London / Ticker: LSEG / Gross proceeds (including overallotment): US$ 3,316.91m (offering in British Pound) / Bookrunners: Barclays Bank PLC, Goldman Sachs International, Merrill Lynch International Ltd, Jefferies International Ltd, TD Securities Inc, Deutsche Bank, HSBC Bank PLC, Mizuho International PLC, RBC Capital Markets, BNP Paribas-London Branch, Citigroup Global Markets Ltd, JP Morgan Cazenove, BMO Capital Markets, Morgan Stanley & Co. International plc, Banco Santander SA, UBS AG London
  • Heineken NV / Netherlands - Consumer Staples / Listing Exchange: EuronextAM / Ticker: HEIA / Gross proceeds (including overallotment): US$ 2,605.82m (offering in EURO) / Bookrunners: Goldman Sachs International, Morgan Stanley & Co, JP Morgan & Co Inc, Citigroup, BofA Securities Inc
  • China Southern Airlines Co Ltd / China - Industrials / Listing Exchange: Shanghai / Ticker: 1055 / Gross proceeds (including overallotment): US$ 1,757.87m (offering in Chinese Yuan) / Bookrunners: Not Applicable
  • Unisplendour Corp Ltd / China - High Technology / Listing Exchange: Shenzhen / Ticker: 000938 / Gross proceeds (including overallotment): US$ 1,699.00m (offering in Chinese Yuan) / Bookrunners: Not Applicable
  • Mobileye Global Inc / Israel - High Technology / Listing Exchange: Nasdaq / Ticker: MBLY / Gross proceeds (including overallotment): US$ 1,617.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Morgan Stanley & Co LLC
  • Adani Enterprises Ltd / India - Materials / Listing Exchange: National / Ticker: ADANIE / Gross proceeds (including overallotment): US$ 1,526.25m (offering in Indian Rupee) / Bookrunners: Not Applicable
  • Everest Re Group Ltd / Bermuda - Financials / Listing Exchange: NYSE MKT / Ticker: RE / Gross proceeds (including overallotment): US$ 1,490.40m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Citigroup Global Markets Inc
  • RenaissanceRe Holdings Ltd / Bermuda - Financials / Listing Exchange: New York / Ticker: RNR / Gross proceeds (including overallotment): US$ 1,209.60m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Citigroup Global Markets Inc, Wells Fargo Securities LLC, Morgan Stanley & Co LLC, Barclays Capital Inc
  • Xiamen C&D Inc / China - Consumer Products and Services / Listing Exchange: Shanghai / Ticker: 600153 / Gross proceeds (including overallotment): US$ 1,204.72m (offering in Chinese Yuan) / Bookrunners: Not Applicable
  • Yunnan Energy New Material Co Ltd / China - Materials / Listing Exchange: Shenzhen / Ticker: 002812 / Gross proceeds (including overallotment): US$ 1,057.32m (offering in Chinese Yuan) / Bookrunners: CITIC Securities Co Ltd
  • Adani Transmission Ltd / India - Energy and Power / Listing Exchange: National / Ticker: ADANIT / Gross proceeds (including overallotment): US$ 1,037.85m (offering in Indian Rupee) / Bookrunners: Not Applicable
  • Haleon plc / United Kingdom - Healthcare / Listing Exchange: London / Ticker: HLN / Gross proceeds (including overallotment): US$ 1,001.54m (offering in British Pound) / Bookrunners: BofA Securities Inc
  • Heineken Holding NV / Netherlands - Consumer Staples / Listing Exchange: EuronextAM / Ticker: HEIO / Gross proceeds (including overallotment): US$ 948.70m (offering in EURO) / Bookrunners: Goldman Sachs International, Morgan Stanley & Co, JP Morgan & Co Inc, Citigroup, BofA Securities Inc
  • Zhejiang Expressway Co Ltd / China - Industrials / Listing Exchange: Hong Kong / Ticker: 576 / Gross proceeds (including overallotment): US$ 921.25m (offering in Chinese Yuan) / Bookrunners: Not Applicable
  • BRF SA / Brazil - Consumer Staples / Listing Exchange: BOVESPA / Ticker: BRFS3 / Gross proceeds (including overallotment): US$ 889.79m (offering in Brazilian Real) / Bookrunners: Not Applicable
  • PT Bank Kb Bukopin Tbk / Indonesia - Financials / Listing Exchange: Indonesia / Ticker: BBKP / Gross proceeds (including overallotment): US$ 817.99m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • DSM-Firmenich AG / Switzerland - Retail / Listing Exchange: EuronextAM / Ticker: DSFIR / Gross proceeds (including overallotment): US$ 785.99m (offering in EURO) / Bookrunners: ABN AMRO Bank, JP Morgan Securities Plc, Goldman Sachs Bank Europe SE
  • China Southern Airlines Co Ltd / China - Industrials / Listing Exchange: Shanghai / Ticker: 1055 / Gross proceeds (including overallotment): US$ 703.15m (offering in Chinese Yuan) / Bookrunners: Not Applicable
  • Yuexiu Property Co Ltd / Hong Kong - Real Estate / Listing Exchange: Hong Kong / Ticker: 123 / Gross proceeds (including overallotment): US$ 636.89m (offering in Hong Kong Dollar) / Bookrunners: Not Applicable