News: Macquarie Group leads IPO boom in 2013

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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.