Good news for tech bankers.
Revenues from tech mergers and acquisitions, or M&A, have hit their highest point since the height of the dotcom bubble.
Global tech M&A revenue totals $1.9 billion this year to date, according to Dealogic. The only year it was higher was 2000, when it hit $2.2 billion in the same period.
This year’s total is up from $1.7 billion in the same period in 2015, and $1.4 billion in 2014.
The biggest beneficiary is JPMorgan, which leads league tables in tech M&A with 20.2% wallet share. Goldman Sachs and Bank of America Merrill Lynch take second and third place, respectively.
Strategic tech M&A in particular is up this year, coming in at $1.1 billion to date. Financial sponsor-related tech M&A also increased to $349 million from $339 million in the same period last year.
Mergers and acquisitions made up 42% of global tech banking revenue so far this year, up from 41% last year, according to Dealogic.
While other areas of tech banking, including debt capital markets and syndicated lending, saw revenues increase this year, equity capital markets revenues dropped 44% to $751 million.
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