Equities

Equities Have A Rough Week, As Real Yields Rise Without Any Positive Revision To Growth Expectations

The rise of oil prices has raised concerns about the continuing health of the US consumer sector, and this theme was really top of mind this week, with consumer staples overperforming and consumer discretionary underperforming

Published ET

VIX Now At Historical Median (Since 1990) | Source: FactSet

VIX Now At Historical Median (Since 1990) | Source: FactSet


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DAILY SUMMARY

  • Daily performance of US indices: S&P 500 down -0.23%; Nasdaq Composite down -0.09%; Wilshire 5000 down -0.10%
  • 34.8% of S&P 500 stocks were up today, with 41.7% of stocks above their 200-day moving average (DMA) and 18.3% above their 50-DMA
  • Top performing sectors in the S&P 500: technology up 0.26% and energy up 0.15%
  • Bottom performing sectors in the S&P 500: consumer discretionary down -0.87% and financials down -0.74%
  • The number of shares in the S&P 500 traded today was 602m for a total turnover of US$ 62 bn
  • The S&P 500 Value Index Index was down -0.4%, while the S&P 500 Growth Index Index was down -0.1%; the S&P small caps index was down -0.5% and mid caps were down -0.2%
  • The volume on CME's INX (S&P 500 Index) was 2,136.0m (3-month z-score: -0.2); the 3-month average volume is 2,233.8m and the 12-month range is 903.0 - 5,761.3m
  • Daily performance of international indices: Europe Stoxx 600 down -0.31%; UK FTSE 100 up 0.07%; Hang Seng SH-SZ-HK 300 Index up 2.19%; Japan's TOPIX 500 down -0.34%

VOLATILITY TODAY

  • 3-month at-the-money implied volatility on the S&P 500 at 13.6%, down from 13.9%
  • 3-month at-the-money implied volatility on the STOXX Europe 600 at 12.9%, up from 12.5%

TOP WINNERS TODAY

  • Lifezone Metals Ltd (LZM), up 37.5% to $16.50 / YTD price return: +59.0% / 12-Month Price Range: $ 8.32-19.92 / Short interest (% of float): 0.6%; days to cover: 6.7
  • Cheche Group Inc (CCG), up 31.4% to $19.52 / YTD price return: +90.3% / 12-Month Price Range: $ 10.03-200.00
  • Mondee Holdings Inc (MOND), up 25.9% to $4.38 / YTD price return: -59.7% / 12-Month Price Range: $ 3.41-14.25 / Short interest (% of float): 2.7%; days to cover: 5.8
  • Golden Heaven Group Holdings Ltd (GDHG), up 17.3% to $5.61 / 12-Month Price Range: $ 2.94-5.61 / Short interest (% of float): 0.1%; days to cover: 0.9
  • Alector Inc (ALEC), up 14.1% to $6.88 / YTD price return: -25.2% / 12-Month Price Range: $ 4.98-10.07 / Short interest (% of float): 8.2%; days to cover: 10.0
  • Amprius Technologies Inc (AMPX), up 13.4% to $4.49 / YTD price return: -43.4% / 12-Month Price Range: $ 3.28-15.39 / Short interest (% of float): 6.4%; days to cover: 5.7 (the stock is currently on the short sale restriction list)
  • Opal Fuels Inc (OPAL), up 12.7% to $8.00 / YTD price return: +9.9% / 12-Month Price Range: $ 5.25-10.79 / Short interest (% of float): 0.5%; days to cover: 1.3
  • Tango Therapeutics Inc (TNGX), up 12.5% to $10.32 / YTD price return: +42.3% / 12-Month Price Range: $ 2.47-10.32 / Short interest (% of float): 3.0%; days to cover: 0.8
  • Mirati Therapeutics Inc (MRTX), up 12.3% to $41.00 / YTD price return: -9.5% / 12-Month Price Range: $ 27.30-101.30 / Short interest (% of float): 14.4%; days to cover: 6.6
  • Anterix Inc (ATEX), up 12.3% to $33.32 / YTD price return: +3.6% / 12-Month Price Range: $ 27.20-40.93 / Short interest (% of float): 6.2%; days to cover: 5.4

BIGGEST LOSERS TODAY

  • Morphic Holding Inc (MORF), down 28.6% to $36.68 / YTD price return: +37.1% / 12-Month Price Range: $ 23.03-63.08 / Short interest (% of float): 7.0%; days to cover: 8.3 (the stock is currently on the short sale restriction list)
  • Pharming Group NV (PHAR), down 19.3% to $12.90 / YTD price return: +17.0% / 12-Month Price Range: $ 8.65-17.81 / Short interest (% of float): 0.0%; days to cover: 1.8 (the stock is currently on the short sale restriction list)
  • Vertical Aerospace Ltd (EVTL), down 15.1% to $1.18 / YTD price return: -65.2% / 12-Month Price Range: $ 1.00-11.58 / Short interest (% of float): 0.6%; days to cover: 0.8 (the stock is currently on the short sale restriction list)
  • Vahanna Tech Edge Acquisition I Corp (RDZN), down 14.0% to $5.65 / 12-Month Price Range: $ 5.65-14.10 / Short interest days to cover: 0.1
  • American Oncology Network Inc (AONC), down 13.4% to $17.76 / YTD price return: +76.8% / 12-Month Price Range: $ 7.02-39.60 / Short interest (% of float): 0.0%; days to cover: 0.4
  • Scholastic Corp (SCHL), down 13.2% to $33.80 / YTD price return: -14.3% / 12-Month Price Range: $ 28.22-47.25 / Short interest (% of float): 3.6%; days to cover: 4.3 (the stock is currently on the short sale restriction list)
  • Autolus Therapeutics PLC (AUTL), down 12.4% to $2.34 / YTD price return: +23.2% / 12-Month Price Range: $ 1.60-3.54 / Short interest (% of float): 0.9%; days to cover: 3.3 (the stock is currently on the short sale restriction list)
  • Bridger Aerospace Group Holdings Inc (BAER), down 11.8% to $7.72 / YTD price return: -23.8% / 12-Month Price Range: $ 3.26-25.90 / Short interest (% of float): 0.3%; days to cover: 2.4 (the stock is currently on the short sale restriction list)
  • Mobile Infrastructure Corp (BEEP), down 11.7% to $4.46 / 12-Month Price Range: $ 4.46-20.12 / Short interest (% of float): 0.1%; days to cover: 0.1 (the stock is currently on the short sale restriction list)
  • Bitdeer Technologies Group (BTDR), down 11.6% to $12.01 / 12-Month Price Range: $ 4.60-14.75 / Short interest (% of float): 0.3%; days to cover: 0.8 (the stock is currently on the short sale restriction list)
S&P 1500 Price performance by sector | Sources: phipost.com, RefinitivS&P 500 3M Implied vol smile | Sources: phipost.com, Refinitiv

NOTABLE US EARNINGS RELEASES IN THE WEEK AHEAD

earning next week

TOP S&P 500 PERFORMERS THIS WEEK

  • Cboe Global Markets Inc (CBOE), up 5.3% to $157.10 / YTD price return: +25.2% / 12-Month Price Range: $ 114.20-158.71 / Short interest (% of float): 1.6%; days to cover: 2.7
  • Humana Inc (HUM), up 4.9% to $494.06 / YTD price return: -3.5% / 12-Month Price Range: $ 423.35-571.30 / Short interest (% of float): 2.1%; days to cover: 2.2
  • Allstate Corp (ALL), up 4.9% to $114.09 / YTD price return: -15.9% / 12-Month Price Range: $ 100.74-142.13 / Short interest (% of float): 1.2%; days to cover: 2.3
  • Assurant Inc (AIZ), up 4.6% to $145.02 / YTD price return: +16.0% / 12-Month Price Range: $ 104.54-155.41 / Short interest (% of float): 1.6%; days to cover: 2.6
  • Mckesson Corp (MCK), up 4.4% to $438.66 / YTD price return: +16.9% / 12-Month Price Range: $ 332.00-444.47 / Short interest (% of float): 1.2%; days to cover: 1.9
  • Cencora Inc (COR), up 4.3% to $185.95 / YTD price return: +12.2% / 12-Month Price Range: $ 135.14-194.74 / Short interest (% of float): 3.4%; days to cover: 2.8
  • UnitedHealth Group Inc (UNH), up 4.0% to $506.10 / YTD price return: -4.5% / 12-Month Price Range: $ 445.82-558.10 / Short interest (% of float): 0.6%; days to cover: 2.2
  • Willis Towers Watson PLC (WTW), up 3.8% to $212.95 / YTD price return: -12.9% / 12-Month Price Range: $ 195.42-258.43 / Short interest (% of float): 0.7%; days to cover: 1.0
  • Western Digital Corp (WDC), up 3.5% to $45.14 / YTD price return: +43.1% / 12-Month Price Range: $ 29.74-46.89 / Short interest (% of float): 2.3%; days to cover: 2.3
  • Tyler Technologies Inc (TYL), up 3.5% to $388.58 / YTD price return: +20.5% / 12-Month Price Range: $ 281.41-425.03 / Short interest (% of float): 1.5%; days to cover: 3.4

BOTTOM S&P 500 PERFORMERS THIS WEEK

  • Caesars Entertainment Inc (CZR), down 13.0% to $46.00 / YTD price return: +10.6% / 12-Month Price Range: $ 31.31-60.25 / Short interest (% of float): 3.2%; days to cover: 2.9
  • Moderna Inc (MRNA), down 12.7% to $99.99 / YTD price return: -44.3% / 12-Month Price Range: $ 95.02-217.20 / Short interest (% of float): 5.3%; days to cover: 4.2
  • MGM Resorts International (MGM), down 11.1% to $36.54 / YTD price return: +9.0% / 12-Month Price Range: $ 29.21-51.35 / Short interest (% of float): 4.1%; days to cover: 2.5
  • Alexandria Real Estate Equities Inc (ARE), down 11.0% to $101.26 / YTD price return: -30.5% / 12-Month Price Range: $ 101.26-172.54 / Short interest (% of float): 2.4%; days to cover: 4.8
  • Ceridian HCM Holding Inc (CDAY), down 10.9% to $65.16 / YTD price return: +1.6% / 12-Month Price Range: $ 51.54-79.62 / Short interest (% of float): 6.9%; days to cover: 7.7
  • Tesla Inc (TSLA), down 10.8% to $244.88 / YTD price return: +98.8% / 12-Month Price Range: $ 101.83-301.29 / Short interest (% of float): 3.0%; days to cover: 0.7
  • Sealed Air Corp (SEE), down 10.5% to $31.41 / YTD price return: -37.0% / 12-Month Price Range: $ 31.41-56.42 / Short interest (% of float): 2.8%; days to cover: 1.9
  • Align Technology Inc (ALGN), down 10.2% to $298.56 / YTD price return: +41.5% / 12-Month Price Range: $ 172.29-412.42 / Short interest (% of float): 2.9%; days to cover: 2.8
  • Paramount Global (PARA), down 10.1% to $12.64 / YTD price return: -25.1% / 12-Month Price Range: $ 12.64-25.93 / Short interest (% of float): 13.9%; days to cover: 7.9
  • PayPal Holdings Inc (PYPL), down 9.9% to $57.88 / YTD price return: -18.7% / 12-Month Price Range: $ 57.29-95.57 / Short interest (% of float): 1.8%; days to cover: 1.1

VALUATION MULTIPLES BY SECTORS

S&P 500 Historical Forward Multiples | Source: FactSetS&P 1500 NTM PE by Sector | Sources: phipost.com, FactSet

WEEKLY TOTAL RETURNS OF MAJOR GLOBAL EQUITY MARKETS

 

weekly USD total returns

TOP / BOTTOM PERFORMING WORLD MARKETS YTD

 

top & bottom performing countries YTD

WORLD MARKET CAPITALIZATION (US$ Trillion)

  

World market cap (USD trillion) broken down by country

IPOs RECENTLY ANNOUNCED OR PRICED IN NORTH AMERICA

  • Waystar Inc / United States of America - High Technology / Listing Exchange: - / Ticker: N/A / Gross proceeds (including overallotment): US$ 8,000.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Maplebear Inc / United States of America - Retail / Listing Exchange: Nasdaq / Ticker: CART / Gross proceeds (including overallotment): US$ 660.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Citigroup Global Markets Inc, JP Morgan Securities LLC, BofA Securities Inc, Barclays Capital Inc
  • Klaviyo Inc / United States of America - High Technology / Listing Exchange: New York / Ticker: KVYO / Gross proceeds (including overallotment): US$ 576.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Citigroup Global Markets Inc, Morgan Stanley & Co LLC
  • RayzeBio Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: RYZB / Gross proceeds (including overallotment): US$ 357.65m (offering in U.S. Dollar) / Bookrunners: Evercore Group, Jefferies LLC, JP Morgan Securities LLC, Truist Securities Inc
  • Neumora Therapeutics Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: NMRA / Gross proceeds (including overallotment): US$ 250.07m (offering in U.S. Dollar) / Bookrunners: Stifel Nicolaus & Co Inc, William Blair & Co, RBC Capital Markets, Guggenheim Securities LLC, JP Morgan Securities LLC, BofA Securities Inc
  • Innovusion Inc / United States of America - Industrials / Listing Exchange: Nasdaq / Ticker: N/A / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar) / Bookrunners: Credit Suisse, Goldman Sachs & Co

IPOs RECENTLY ANNOUNCED OR PRICED INTERNATIONALLY

  • Arm Holdings plc / United Kingdom - High Technology / Listing Exchange: Nasdaq / Ticker: ARM / Gross proceeds (including overallotment): US$ 5,227.50m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, JP Morgan Securities LLC, Mizuho Securities USA LLC, Barclays Capital Inc
  • JALA Group Corp / China - Consumer Products and Services / Listing Exchange: Hong Kong / Ticker: - / Gross proceeds (including overallotment): US$ 500.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Payu Payments Pvt Ltd / India - Financials / Listing Exchange: Unknown / Ticker: - / Gross proceeds (including overallotment): US$ 500.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • CR Longdation / Hong Kong - Real Estate / Listing Exchange: Hong Kong / Ticker: - / Gross proceeds (including overallotment): US$ 500.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Hero Fincorp Ltd / India - Financials / Listing Exchange: National / Ticker: - / Gross proceeds (including overallotment): US$ 480.94m (offering in Indian Rupee) / Bookrunners: Not Applicable
  • OQ Gas Networks SAOC / Oman - Energy and Power / Listing Exchange: Muscat / Ticker: N/A / Gross proceeds (including overallotment): US$ 448.18m (offering in Omani Riyal) / Bookrunners: EFG Hermes, Bank of America Corp, Bank Muscat SAOG
  • KOKUSAI ELECTRIC Corp / Japan - Industrials / Listing Exchange: TOKPR / Ticker: 6525 / Gross proceeds (including overallotment): US$ 390.01m (offering in Japanese Yen) / Bookrunners: Nomura International PLC, Goldman Sachs International, Mizuho International PLC, Citigroup Global Markets Ltd, Morgan Stanley & Co. International plc, SMBC Nikko Capital Markets Ltd
  • Intelligent Supply Chain Infrastructure Trust / India - Financials / Listing Exchange: Bombay / Ticker: N/A / Gross proceeds (including overallotment): US$ 366.83m (offering in Indian Rupee) / Bookrunners: ICICI Securities Ltd, Axis Capital Ltd
  • KOKUSAI ELECTRIC Corp / Japan - Industrials / Listing Exchange: TOKPR / Ticker: 6525 / Gross proceeds (including overallotment): US$ 363.63m (offering in Japanese Yen) / Bookrunners: Nomura Securities Co Ltd, Mitsubishi UFJ Morgan Stanley Securities Co Ltd, SMBC Nikko Securities Inc
  • Sicily by Car SpA / Italy - Consumer Products and Services / Listing Exchange: AIMIT / Ticker: SBC / Gross proceeds (including overallotment): US$ 346.71m (offering in EURO) / Bookrunners: Not Applicable

SECONDARIES RECENTLY ANNOUNCED OR PRICED IN NORTH AMERICA

  • Enbridge Inc / Canada - Energy and Power / Listing Exchange: Toronto / Ticker: ENB / Gross proceeds (including overallotment): US$ 3,373.84m (offering in Canadian Dollar) / Bookrunners: TD Securities Inc, Morgan Stanley Canada Limited, CIBC World Markets Inc, National Bank Financial Inc, Scotia Capital Inc, BMO Nesbitt Burns Inc, RBC Dominion Securities Inc
  • Enterprise Products Partners LP / United States of America - Energy and Power / Listing Exchange: New York / Ticker: EPD / Gross proceeds (including overallotment): US$ 2,538.50m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Rollins Inc / United States of America - Consumer Products and Services / Listing Exchange: New York / Ticker: ROL / Gross proceeds (including overallotment): US$ 1,557.84m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Morgan Stanley & Co LLC
  • ONEOK Inc / United States of America - Energy and Power / Listing Exchange: New York / Ticker: OKE / Gross proceeds (including overallotment): US$ 1,000.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Aramark / United States of America - Financials / Listing Exchange: New York / Ticker: ARMK / Gross proceeds (including overallotment): US$ 845.17m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, JP Morgan Securities LLC
  • PTC Inc / United States of America - High Technology / Listing Exchange: Nasdaq / Ticker: PMTC / Gross proceeds (including overallotment): US$ 826.53m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co
  • GSI Technology Inc / United States of America - High Technology / Listing Exchange: Nasdaq / Ticker: GSIT / Gross proceeds (including overallotment): US$ 750.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • MicroStrategy Inc / United States of America - High Technology / Listing Exchange: Nasdaq / Ticker: MSTR / Gross proceeds (including overallotment): US$ 750.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Riot Platforms Inc / United States of America - High Technology / Listing Exchange: Nasdaq / Ticker: RIOT / Gross proceeds (including overallotment): US$ 750.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • NNN REIT Inc / United States of America - Real Estate / Listing Exchange: New York / Ticker: NNN / Gross proceeds (including overallotment): US$ 713.30m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Vertiv Holdings Co / United States of America - Industrials / Listing Exchange: New York / Ticker: VRT / Gross proceeds (including overallotment): US$ 702.00m (offering in U.S. Dollar) / Bookrunners: BofA Securities Inc
  • Ovintiv Inc / United States of America - Energy and Power / Listing Exchange: New York / Ticker: OVV / Gross proceeds (including overallotment): US$ 681.75m (offering in U.S. Dollar) / Bookrunners: JP Morgan Securities LLC
  • Physicians Realty Trust / United States of America - Real Estate / Listing Exchange: New York / Ticker: DOC / Gross proceeds (including overallotment): US$ 600.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • AMC Entertainment Holdings Inc / United States of America - Media and Entertainment / Listing Exchange: New York / Ticker: AMC / Gross proceeds (including overallotment): US$ 545.60m (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$ 522.27m (offering in U.S. Dollar) / Bookrunners: JP Morgan Securities LLC
  • CareTrust REIT Inc / United States of America - Real Estate / Listing Exchange: New York / Ticker: CTRE / Gross proceeds (including overallotment): US$ 500.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Macerich Co / United States of America - Real Estate / Listing Exchange: New York / Ticker: MAC / Gross proceeds (including overallotment): US$ 500.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Regency Centers Corp / United States of America - Real Estate / Listing Exchange: Nasdaq / Ticker: REG / Gross proceeds (including overallotment): US$ 500.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Kimco Realty Corp / United States of America - Real Estate / Listing Exchange: New York / Ticker: KIM / Gross proceeds (including overallotment): US$ 500.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Novavax Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: NVAX / Gross proceeds (including overallotment): US$ 500.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable

SECONDARIES RECENTLY ANNOUNCED OR PRICED INTERNATIONALLY

  • Midea Group Co Ltd / China - Industrials / Listing Exchange: Hong Kong / Ticker: 000333 / Gross proceeds (including overallotment): US$ 5,400.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • London Stock Exchange Group PLC / United Kingdom - Financials / Listing Exchange: London / Ticker: LSEG / Gross proceeds (including overallotment): US$ 2,527.32m (offering in British Pound) / Bookrunners: Deutsche Bank AG (London), Barclays Bank PLC, Goldman Sachs International, Jefferies International Ltd, TD Securities Inc, HSBC Bank PLC, BNP Paribas SA, Mizuho International PLC, Morgan Stanley, RBC Capital Markets, Citigroup Global Markets Ltd, JP Morgan Cazenove, BMO Capital Markets, Banco Santander SA, UBS AG London, BofA Securities Inc
  • AerCap Holdings NV / Republic of Ireland - Industrials / Listing Exchange: New York / Ticker: AER / Gross proceeds (including overallotment): US$ 2,400.12m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Evercore Group, Deutsche Bank Securities Inc, Citigroup, HSBC Securities (USA) Inc, SMBC Nikko Securities America Inc, BNP Paribas Securities Corp, JP Morgan Securities LLC, BofA Securities Inc, Barclays Capital Inc
  • SF Holding Co Ltd / China - Industrials / Listing Exchange: Hong Kong / Ticker: 002352 / Gross proceeds (including overallotment): US$ 2,000.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Jinko Solar Co Ltd / China - High Technology / Listing Exchange: SSES / Ticker: 688223 / Gross proceeds (including overallotment): US$ 1,332.11m (offering in Chinese Yuan) / Bookrunners: Not Applicable
  • Coloplast A/S / Denmark - Healthcare / Listing Exchange: OMX Copen / Ticker: COLO B / Gross proceeds (including overallotment): US$ 1,218.63m (offering in Danish Krone) / Bookrunners: Nordea Companies Finland, Danske Bank, Morgan Stanley & Co. International plc, Jefferies GmbH
  • Hanwha Ocean Co Ltd / South Korea - Industrials / Listing Exchange: Korea / Ticker: 042660 / Gross proceeds (including overallotment): US$ 1,194.20m (offering in Korean Won) / Bookrunners: Daishin Securities Co Ltd, Korea Investment & Securities Co Ltd, Hanwha Investment & Securities Co Ltd, NH Investment & Securities Co, KBI Securities Co Ltd, Shinhan Securities Co Ltd
  • Companhia Paranaense De Energia / Brazil - Energy and Power / Listing Exchange: BMFBOVESPA / Ticker: - / Gross proceeds (including overallotment): US$ 924.70m (offering in Brazilian Real) / Bookrunners: Banco Bradesco SA, Banco Itau-BBA SA, Banco BTG Pactual SA, Banco Morgan Stanley SA, UBS Brasil Corretora De Cambio Titulos
  • Hunan Yuneng New Energy Battery Material Co Ltd / China - High Technology / Listing Exchange: ShenzChNxt / Ticker: 301358 / Gross proceeds (including overallotment): US$ 900.71m (offering in Chinese Yuan) / Bookrunners: Not Applicable
  • Coforge Ltd / India - High Technology / Listing Exchange: National / Ticker: 532541 / Gross proceeds (including overallotment): US$ 896.52m (offering in Indian Rupee) / Bookrunners: IIFL Securities Ltd
  • JFE Holdings Inc / Japan - Materials / Listing Exchange: TOKPR / Ticker: 5411 / Gross proceeds (including overallotment): US$ 815.17m (offering in Japanese Yen) / Bookrunners: Nomura International PLC, Goldman Sachs International, Mizuho International PLC, JP Morgan Securities Plc
  • Atos SE / France - High Technology / Listing Exchange: Euro Paris / Ticker: ATO / Gross proceeds (including overallotment): US$ 790.70m (offering in EURO) / Bookrunners: JP Morgan & Co Inc, BNP Paribas SA
  • Sk Innovation Co Ltd / South Korea - Energy and Power / Listing Exchange: Korea / Ticker: 096770 / Gross proceeds (including overallotment): US$ 785.06m (offering in Korean Won) / Bookrunners: Korea Investment & Securities Co Ltd, SK Securities Co Ltd, NH Investment & Securities Co, Shinhan Securities Co Ltd
  • Amicogen Inc / South Korea - Healthcare / Listing Exchange: KOSDAQ / Ticker: 092040 / Gross proceeds (including overallotment): US$ 651.98m (offering in Kenya Shilling) / Bookrunners: Hanyang Securities Co Ltd, NH Investment & Securities Co
  • Union Bank Of India / India - Financials / Listing Exchange: National / Ticker: UNIONB / Gross proceeds (including overallotment): US$ 605.47m (offering in Indian Rupee) / Bookrunners: BNP Paribas SA, JM Financial Group, ICICI Securities Ltd, Yes Securities (India) Ltd, IIFL Securities Ltd, Nuvama Wealth Management Ltd
  • Nickel Industries Ltd / Australia - Materials / Listing Exchange: Australia / Ticker: NIC / Gross proceeds (including overallotment): US$ 600.97m (offering in Australian Dollar) / Bookrunners: Not Applicable
  • Interglobe Aviation Ltd / India - Industrials / Listing Exchange: National / Ticker: INDIGO / Gross proceeds (including overallotment): US$ 504.16m (offering in Indian Rupee) / Bookrunners: JP Morgan India, Morgan Stanley India Co Pvt, Goldman Sachs(India)Securities
  • Vedanta Ltd / India - Materials / Listing Exchange: National / Ticker: SSLT / Gross proceeds (including overallotment): US$ 499.95m (offering in Indian Rupee) / Bookrunners: JP Morgan India
  • China Evergrande New Energy Vehicle Group Ltd / China - Industrials / Listing Exchange: Hong Kong / Ticker: 708 / Gross proceeds (including overallotment): US$ 497.44m (offering in Hong Kong Dollar) / Bookrunners: Not Applicable
  • Cholamandalam Investment & Finance Co Ltd / India - Financials / Listing Exchange: National / Ticker: CHOLAF / Gross proceeds (including overallotment): US$ 481.90m (offering in Indian Rupee) / Bookrunners: Not Applicable