Equities lead surge in capital markets activity

Group 1: Market Activity - Secondary offerings increased by 76% to $23.6 billion, while initial public offerings (IPOs) surged by 243% to just over $2 billion, and preferred securities issuance rose by 1,437% to $2.6 billion [1] - Retail structured products also saw a 44% increase, reaching $770.6 million [1] Group 2: Sector Performance - The materials sector led new deal activity, accounting for nearly 40% of total issuance at $12 billion, followed by the energy and power sector with a 24.9% share, and industrials at 9.9% [2] Group 3: Underwriter Rankings - RBC Capital Markets maintained the top position in LSEG's equity underwriters league tables, followed by BMO Capital Markets and CIBC World Markets, which improved from eighth to third place [2][3] - JP Morgan led the IPO underwriter rankings, with RBC, BMO, and CIBC following [4] - Canaccord Genuity Group Inc. ranked first in retail structured products, pushing CIBC to second [4] Group 4: Debt Issuance - Total debt issuance value reached $276 billion, up 2% from the previous year, with a 1% increase in deal volume [4] - Government debt issuance was $154 billion, down 2%, while corporate debt issuance increased by 10% [5] - RBC retained the top spot in overall debt underwriter rankings, with BMO moving to second place, TD to third, and CIBC to fourth [5][6]