Market for Indian share sales dominated by JPMorgan

According to the Bloomberg League Tables, the US bank has worked on the two largest follow-on offerings in India this year and currently holds a 19% market share. Since 2009, it is first time JPMorgan has topped the charts. Citigroup Inc. usually dominates the market, ranking number in seven of the past eleven years as per the tables.

The latest deal JPMorgan worked on was a $1.4 billion block trade in Bandhan Bank Ltd. on Monday. The largest follow-on this year's offering has been $3.3 billion sale of GlaxoSmithKline's stake in Unilever's Indian unit.

UPCOMING LISTINGS:

Hangzhou Tigermed Consulting Co.

Hong Kong stock exchange

Size $1.38b

Listing Aug. 7

BofA, Haitong, CLSA, CICC

KE Holdings Inc.

New York Stock Exchange

Size about $2b

Filed July 24

Goldman Sachs, Morgan Stanley, China Renaissance, JP Morgan

Gland Pharma Ltd.

India stock exchanges

Filed July 10

Citi, Haitong, Nomura, Kotak

Mindspace REIT

India stock exchanges

Size up to $598m

Books were open July 27-29, listing around Aug. 12

Morgan Stanley, BofA, Axis Capital, Citi, JM Financial, Kotak Mahindra, CLSA, Nomura, UBS, Ambit Capital, HDFC Bank, IDFC Bank, ICICI Securities

AREIT

Philippines stock exchange

Raised $250m

Trading Aug. 13

BPI Capital, UBS

More ECM transactions we are following:

Two companies start subscriptions for their ChiNext IPOs on Tuesday, the first batch of listings under relaxed rules. One of them sets the price at the highest level since the board was launched in 2009.

Kakao Games will raise up to 384 billion won in an IPO by selling 16 million new shares at 20,000-24,000 won each.