Cleary Gottlieb is #1 Issuers’ Counsel in Global Equity IPOs for 2006; Ranks High in Other Debt and Equity Rankings
January 11, 2007
Cleary Gottlieb topped Bloomberg’s recently released league table for global equity IPO issuer advisers, with $20.3 billion in deal volume. The firm was fifth among advisers to managers in global equity IPOs, with $9.5 billion in deal volume.
Cleary Gottlieb also ranked first among counsel to European, Middle Eastern and African (EMEA) equity IPO issuers, with $15.6 billion in deal volume for a 19.8 percent total market share, almost twice that of its nearest competitor. On the manager side for EMEA equity IPO advisers, Cleary Gottlieb ranked fifth overall, with $4.1 billion in deal volume.
The firm catapulted to the number seven position from the number 41 spot last year in the ranking of issuers’ counsel in Asia (excluding Japan) equity IPOs. Cleary Gottlieb recorded $3.2 billion in deal volume in this category, increasing its market share to an impressive 5.3 percent. The firm also showed great improvement on the league table for U.S. equity offerings as managers’ counsel, moving into eighth place from 11th last year.
On the league tables for debt, Cleary Gottlieb ranked fourth among legal advisers for managers in U.S. corporate debt transactions, with $56.6 billion in deal volume. For representation of issuers in U.S. corporate debt transactions, Cleary Gottlieb took the number seven spot with $20.9 billion in deal volume. The firm ranked fourth among U.S. investment grade manager advisers, with $55.6 billion in deal volume and fifth on the issuer side of U.S. investment grade debt, with $20.8 billion in deal volume. Cleary Gottlieb also ranked fourth among legal advisers to managers in U.S. preferred debt transactions, with $3.9 billion in deal volume.
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