As companies return to in-person roadshows, JPMorgan Chase is the most-used broker to go on the road with, while Bank of America Merrill Lynch is the joint-second most-used. These two brokers were also the most-used brokers for in-person roadshows in 2020 before the Covid-19 pandemic hit and temporarily put paid to going on the road.
In general, there is little movement in the list of most-used brokers post-pandemic from the pre-pandemic broker table. Morgan Stanley and Barclays Capital have improved from their 2020 positions while Credit Suisse and UBS have fallen lower in the top 10. Cowen is a new entry into the top 20 this year as the joint-15th most-used broker for in-person roadshows.
JPMorgan Chase is also the most-used broker for virtual roadshows, up from second place in the same list last year. Citi is also up one place from its 2021 position to take second place.
Bank of America Merrill Lynch, Morgan Stanley and UBS form the remainder of the top five. These are the same five brokers that formed the top five for virtual roadshows in 2021 at the height of the Covid-19 pandemic. The top four brokers also feature in the top five most-used brokers for in-person roadshows.
JPMorgan Chase remains the most-used broker for in-person roadshows by North American firms, as it was in 2020 before the Covid-19 pandemic hit. Joint-second-placed Barclays Capital and Raymond James are up from fourth and fifth, respectively, in 2020.
Bank of America Merrill Lynch is in fourth place, up five places from its pre-pandemic position. Jefferies and Cowen, in joint-fifth place, are both new entrants to the top five most-used brokers for in-person roadshows by North American companies.
Stifel is the most-used broker for virtual roadshows among North American companies, up from sixth place last year. JPMorgan Chase and Royal Bank of Canada swap places in this year’s poll, having ranked third and second, respectively, for virtual roadshows in 2021.
Bank of America Merrill Lynch is the most-used broker for in-person roadshows by European companies. This is up from third place in the pre-Covid in-person table for European firms.
Four companies share second place: Berenberg and JPMorgan Chase were both in joint-seventh place in the 2020 list, while Morgan Stanley held sixth spot. Kepler Cheuvreux is down one place, having been the most-used broker by European companies before the Covid-19 pandemic.
Kepler Cheuvreux is the most-used broker by European companies for virtual roadshows, up from fifth spot in 2021. Last year’s joint poll-toppers, JPMorgan Chase and Berenberg, now hold second and joint-fifth place, respectively.
JPMorgan Chase is the most-used broker for in-person roadshows by Asian companies, having held sixth place in the pre-pandemic 2020 list. Citi and Credit Suisse hold joint-second place, a position they also both held in 2020.
HSBC and Morgan Stanley are in joint-fourth place, up from eighth and sixth, respectively. The other broker to share the fourth spot is UBS, which was the most-used broker by Asian companies for in-person roadshows before the Covid-19 pandemic.
UBS is the most-used broker by Asian companies for virtual roadshows, rising from fourth place in the same list the previous year. Credit Suisse, which was out of the top five in 2021, now finds itself the joint-second most-used broker for virtual roadshows by Asian companies.
