Credit Suisse has generated $4.7 billion in Initial Public Offering (IPO) proceeds during 2012, according to Thomson Reuters.

The proceeds come from 41 issues and place the Swiss bank in front of JP Morgan Chase & Co with $4.6 billion, and Goldman Sachs which placed third with $4.5 billion. Last year’s top-ranking firm, Morgan Stanley came in fourth.

Joe Reece, global head of Credit Suisse’s equity capital markets group commented: ‘2012 was a challenging year for IPO issuances. This fact makes it even more critical to be acutely focused on clients.’

Last year, Credit Suisse ranked eighth with $2.8 billion in proceeds. Reece attributed the increase to internal changes, and Credit Suisse’s attempts to build up its equity capital markets business when other banks, such as RBS and Nomura are pulling out.

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