VisaNet's $4.3 bln IPO shakes up league tables

NEW YORK, June 26 (Reuters) - The massive initial public offering on Thursday by VisaNet, the Brazilian affiliate of credit card network Visa Inc (V.N), has roiled the global league tables for IPOs for the first half of 2009, kicking some veteran underwriters out of the top 10.

On the strength of the $4.3 billion VisaNet (VNET3.SA) deal alone, Brazilian banks Banco Bradesco (BBDC4.SA) and Banco do Brasil (BBAS3.SA) and Spanish bank Banco Santander (SAN.MC) shot into the ranks of the 10 largest IPO underwriters in the world so far this year, according to Thomson Reuters data.

Before that deal, stalwart bookrunners Chinese bank CITIC (600030.SS) and Citi (C.N) and Poland's Bank Rozwoju Eksportu SA had underwritten enough business to land in the top 10.

Despite the VisaNet IPO, the largest ever in Brazil and the largest of the year so far, global IPO volume remains sluggish, with total proceeds of $11.7 billion so far in 2009, 85 percent less than a year ago.

The top IPO bookrunners globally in the first half are JP Morgan (JPM.N), UBS (UBSN.VX) and Morgan Stanley (MS.N).

UBS bumped Morgan Stanley out of its previous second-place position in the rankings.

As a result of the VisaNet IPO, UBS bumped Morgan Stanley out of its previous second-place position in the rankings.

Please see [ID:nnN26338910] for the IPO league tables. (Reporting by Phil Wahba; editing by John Wallace)