The first nine months of the year were the slowest since 2012
Refinitiv reports equity issuance reached just $11.6 billion
Equity issuance hit a three-year low, while debt issuance was up 2% year over year
This was the lowest quarterly total for equity underwriting since Q4 2014
Geopolitical tensions, trade issues and Brexit all played a role in the quiet IPO market
RBC Capital Markets was the top underwriter for the first six months of the year
Cincinnati-based bank agrees to pay US$200 million
The energy & power sector accounted for almost half of the $4.1 billion equity raised during the quarter
Proposed guidance details common due diligence practices
RBC Capital Markets, BMO Capital Markets are the top underwriters so far