Equity Capital Markets

Navigating Today’s Financial Markets with Expertise and Innovation

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Providing Companies with Strategic Equity Solutions

RBC has an unparalleled track record in the distribution of global equities, leveraging our top-tier global capital markets platform to deliver success for corporate clients.

From IPOs to Equity-Linked Products

RBC leverages the full resources of our platform to offer fully integrated equity solutions.

Initial Public Offerings (IPOs)

Partnering with emerging and venture-backed companies in their pursuit of a public listing.

90+ Joint Bookrun IPOs executed

since 2020 in North America

The standard IPO playbook is broken. Our philosophy is to approach the entire process with fresh eyes and develop a bespoke approach to the market for each IPO, based on the specifics objectives set forth by management and pre-IPO investors.
Jesse Chasse

Managing Director and Head of Technology Equity Capital Markets

The breadth of investor demand is a stark contrast from where investor sentiment was 12-18 months ago. The tone of the buyside coupled with the strong market backdrop give us at RBC a great deal of confidence in the continued re-opening of the IPO market for all our corporate and sponsor clients.
Joe Passaro

Global Head of Equity Capital Markets Syndicate

Corporate Broking

Bringing high-touch broking and global reach to the UK mid-market.

Client first focus

At the heart of our corporate broking function is an unwavering commitment to our clients. We build our relationships as a trusted strategic adviser through our intensity of service, strength of ideas and ability to bring a unique product set to UK mid-market clients.

Leveraging RBC’s Global Network

We seamlessly integrate our global network with specialist product & sector teams, bringing the full weight of our leading investment bank to bear for clients. With a fully connected structure spanning key financial hubs, we provide exceptional access to capital markets, investors and advisory expertise. No matter where opportunities arise, our coordinated approach ensures that we can deliver the best of RBC to support our clients’ success.

Depth & breadth of expertise

We bring together a diverse team of seasoned professionals with extensive experience across sectors, geographies and financial products. From market insights to technical execution, our expertise enables us to navigate complexity and deliver impactful outcomes.

We are more than just transactional partners; we are strategic advisors committed to our clients’ success over the long-term. Our relationships are underpinned by a detailed understanding of our clients’ businesses and ambitions, ensuring every decision we support is aligned with sustainable growth and enduring value creation for all stakeholders.
Adam Miller

Head, Corporate Broking

Follow-On Offerings (Primary and Secondary)

Advising publicly traded corporates on transformational equity raises and sponsors monetizing their ownership.

$100+ billion of capital raised

since 2020 in North America

We have been able to build a world-class Industrials ECM franchise because of the partnership between Global Investment Banking, Capital Markets, Research and Sales and Trading. Our Corporate and Financial Sponsor clients trust us to lead their equity capital raises because of our ability to move quickly, think creatively, and confidently deliver differentiated solutions.
Mike Ventura

Head of U.S. Equity Capital Markets

RBC is a leading ECM franchise in the Australian market, having led and executed several of the largest and most complex equity raisings on the ASX in the last five years to fund acquisitions and growth.
Justin Grimmond

Head of Australian Equity Capital Markets

Equity-Linked Offerings

Executing bespoke and regular-way convertible financings for SMID and Large-Cap corporate clients.

80+ Joint Bookrun Convertibles and 100+ Call Spread Overlays & Capped Calls Executed

since 2020 in North America

RBC’s Equity-Linked Origination group is a leader in both convertible securities and call spread derivatives for the firm’s corporate clients. RBC’s unique approach to this product suite highlights its experienced team to provide valuable market insight, tailored product structuring advice, and seamless transaction execution.
Suvir Thadani

Head of U.S. Equity-Linked Capital Markets

Joe Stoots

Managing Director, U.S. Structured Equity Solutions

Structured Equity Solutions

Delivering innovative products for corporate and sponsor clients across the globe.

Structured equity solutions offers highly-tailored solutions to our core ECM client base across their investment lifecycle including stake building, risk management and liquidity solutions. We look to leverage off RBC’s balance sheet strength and structuring expertise to optimize our client’s large equity exposures, and build long-term mutually beneficial partnerships.
Graeme Bath

Global Head of Strategic Equity Solutions

RBC has an experienced global team that is able to design and execute complex equity solutions, seamlessly integrating with other areas of ECM to provide clients with maximum flexibility and optionality as the navigate the equity markets.
Giles Gleave

Managing Director, European Structured Equity Solutions


Power lines

Spotlight Deal

 

PPL Capital Funding issues $900m award-winning convertible bond

RBC Capital Markets acted as joint bookrunner to PPL Capital Funding on the first convertible bond issuance from a utility in over a decade.

Equity Capital Markets Coverage Across Industries

Proven Impact, Trusted Partnerships

Explore select recent leading global equity transactions. 

Featured Insights

Get the latest perspectives from RBC's ECM Leaders.

Global Equity Capital Markets Leadership

The strength of our ECM lies in our people – a dedicated team of professionals with a track record of excellence in guiding companies through the complexities of equity financing.

Nitin Babbar is Global Co-Head of Equity Capital Markets (ECM) with primary responsibility for the Canadian ECM business, while maintaining a global perspective on the ECM business.  Prior to assuming the role of Global Co-Head of ECM, Nitin was responsible for building RBC’s convertible business globally while being integral to overall ECM activity. Nitin brings over 25 years of industry experience and re-joined RBC Capital Markets in 2007 after spending 8 years managing institutional money in both New York and Toronto.  Nitin has a diverse background across the capital markets business, with history in trading, derivatives, corporate finance, and ECM.

Nitin was formerly the co-chair of the RBC Capital Markets Canadian Diversity Leadership Council.  Nitin graduated from the University of Toronto with a Bachelor of Commerce, holds a Masters of Business Administration from the University of Chicago and is a Chartered Financial Analyst® charterholder.

John Kolz is Global Co-Head, Equity Capital Markets. John has over 25 years of Investment Banking experience including as Head of Technology ECM, Head of Healthcare ECM, Co-Head of Equity Syndicate and Head of Convertibles & Derivatives ECM. He holds a Masters of Business Administration (MBA) from the Kellogg School of Management at Northwestern University, and a Bachelor of Science (BS) in Nuclear and Power Engineering from the University of Cincinnati.

Jackie Nixon is Head of Canadian Equity Capital Markets. Jackie is responsible for originating, structuring & executing equity & equity linked financings for Canadian issuers. She brings significant global experience having worked at Goldman Sachs for 13 years collectively in London, New York, and Toronto. Prior to Goldman Sachs, Jackie worked at RBC Capital Markets for 5 years before rejoining in 2024. Jackie graduated from Dalhousie University with a Bachelor of Commerce. Jackie serves on the Boards of the Princess Margaret Hospital Foundation and Branksome Hall Foundation.
Michael Ventura is Co-Head of U.S. Equity Capital Markets. Michael is a founding member of the Equity Capital Markets team, having joined RBC in 2007 from Bear Stearns & Co. He has held ECM sector head responsibilities across Power & Utilities/Infrastructure, Energy, SPACs, and Industrials, originating and executing some of RBC’s largest Active Bookrun Offerings. He currently maintains day-to-day responsibility for the Industrials sector, advising on matters related to equity, equity-linked and private capital raising. Michael graduated from Colgate University with a Bachelor of Arts. Michael and his family are active supporters of the Joe Torre Safe at Home Foundation and the Hudson River Park Trust.
Angus Millar is Head of European Capital Markets.  Adam has 18+ years’ experience in Equity Capital Markets, advising on equity transactions for corporate, private equity, venture capital, entrepreneur and government clients. He has full experience and capabilities advising on: company equity story development; market environment and transaction positioning; investor marketing strategies and interactions; deal structuring and negotiations; company valuation and offer pricing; project management and third party liaison. Angus previously worked at Morgan Stanley, Nomura, and Lehman Brothers.
Adam Miller is Head of Corporate Broking. Adam joined RBC Capital Markets in 2024, bringing extensive coverage expertise from a twenty-year career at Merrill Lynch, Collins Stewart, Deutsche Bank, and HSBC. He was most recently a Managing Director in HSBC's UK Investment Banking team for six years, with significant connectivity with UK boardrooms across various industries.
Justin Grimmond is Head of Australian Equity Capital Markets. Justin joined RBC Capital Markets in 2014 and has over 25 years of financial markets experience. Justin started his career as an M&A and capital markets lawyer at a top tier firm in Australia. He graduated from the University of Technology, Sydney with a Bachelor of Laws and Bachelor of Business.

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