Fee pool shrinks by nearly 33% as equity offerings drop in first half

Overall equity issuances during the first half (H1) dropped 40 per cent to $9.1 billion, lowest first-half tally since 2016, according to Refinitiv, a markets data provider

The fee collected by investment bankers for managing equity share sales dropped 33.4 per cent year-on-year (YoY) to $95 million during the first six months of 2022 as a sharp spike in market volatility queered the pitch for deal-making.

Overall equity issuances during the first half (H1) dropped 40 per cent to $9.1 billion — the lowest first-half tally since 2016 — according to Refinitiv, a markets data provider.

A 10 per cent fall in the benchmark indices and a sharper cut in the broader market led to a drop in equity issuances, such as qualified institutional placements, rights issues,