Morgan Stanley eclipses Goldman as top Asia equity deal arranger

In a banner year for share sales in Asia, one bank has pulled far ahead of the rest: Morgan Stanley.

The Wall Street bank is well on track to be the top arranger of equity capital markets deals in the Asia-Pacific region for the second year running, with a market share of almost 10% and a big lead over rival Goldman Sachs Group Inc.

Morgan Stanley has been credited with $27.9 billion in initial public offerings, primary placements, block trades and bonds that can convert into stock, almost $9 billion more than Goldman Sachs in second, Bloomberg league tables show. Its 9.86% market share is the second-highest for a top-placed bank in the past decade.

Morgan Stanley worked on several multibillion-dollar Asian deals this year, as share sales returned in force in Hong Kong and India notched a record year for IPOs. Four of the year’s five biggest venues for