Equity Capital Markets
Equity Capital Markets Update: The Strongest H1 Issuance Pace Since 2021
U.S. equity issuance has topped $120B year-to-date — the strongest first-half pace since 2021 — as AI-infrastructure IPOs, sponsor-driven follow-ons, and a record run of convertibles redefine the market. With the Fed succession resolved and earnings the strongest in four years, the H2 window looks constructive — though a fragile Iran ceasefire