As the IPO market heated up this year Macquarie Group (ASX:MQGDA) took the lead for Australian equity underwriters for the first time since 2004.
The nation’s largest investment bank took a 29 percent market share in equity capital market transactions followed by UBS with a 27 per cent share, according to Bloomberg data.
Macquarie scored roles on some of the year’s largest initial public offerings including Pact Group Holdings Limited
(ASX:PGH) and Nine Entertainment Co Holdings Limited
(ASX:NEC).
Co-head of equity capital markets Hugh Falcon told Bloomberg Macquarie had a great window where both vendors and investors were getting a win-win.
Shares in Macquarie have gained about 50 per cent in 2013, compared to a benchmark S&P/ASX 200 rise of about 15 per cent over the year.
Macquarie Group reported a net profit of $503 million in the six months to the end of September 2013.
