NEW
YORK, April 17, 2023 /PRNewswire/ -- S&P
Global Market Intelligence, a division of S&P Global (NYSE:
SPGI), has expanded its Equity Bookbuild new issuance solution to
Japan. This marks the first
geographic expansion of the web-based utility, which has been
utilized by global banks for new issuance in the U.S. market for
nearly two decades.
Equity Bookbuild provides a single point of entry to execute
numerous operational and regulatory tasks associated with new
issuance, while building a comprehensive and centralized repository
of activities to analyze deal performance. The utility features
direct connectivity to an expansive bank community, enabling real
time sharing of deal terms, orders and allocations while its unique
reconciliation process for joint institutional order management
maximizes efficiency.
"Equity Bookbuild is an essential resource for all capital
markets users to manage the complexities and fluidity of new
issuance markets," said John
Barneson, Head of Network and Regulatory Solutions, S&P
Global Market Intelligence. "The expansion of Equity Bookbuild to
the Japanese capital market illustrates S&P Global Market
Intelligence's commitment to globalizing the solution across all
geographies, with significant investment into platform localization
and resource concentration."
To enable the solution expansion in Japan, S&P Global Market Intelligence
collaborated with top Japanese investment banks to implement the
utility as their software for new issuance execution. The banks
were onboarded simultaneously to ensure real-time interoperability
with dealmaking. Execution of domestic deals via the platform has
already begun, and the banks are preparing to utilize the
application for joint global deals in the future.
"We are pleased to offer Equity Bookbuild for equity new
issuance in the Japanese capital markets, one of the largest
capital markets in the world," said Seiichiro Miyaoka, Head of Global Markets Group
Asia Pacific, S&P Global Market Intelligence. "Users will be
able to leverage the solution to directly connect with
participating banks to share vital deal information and drive
efficiency in their new issuance process."
S&P Global Market Intelligence's opinions, quotes, and
credit-related and other analyses are statements of opinion as of
the date they are expressed and not statements of fact or
recommendation to purchase, hold, or sell any securities or to make
any investment decisions, and do not address the suitability of any
security.
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the
importance of accurate, deep and insightful information. Our team
of experts delivers unrivaled insights and leading data and
technology solutions, partnering with customers to expand their
perspective, operate with confidence, and make decisions with
conviction.
S&P Global Market Intelligence is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information, visit
www.spglobal.com/marketintelligence.
Media Contact
Katherine Smith
S&P Global Market Intelligence
+1 781-301-9311
katherine.smith@spglobal.com
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SOURCE S&P Global Market Intelligence