Valuation dislocation continues to hamper ECM

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By Sam Kerr
08 May 2019

Primary equity market bankers are still struggling to bridge the gap between the expectations of buyers and sellers, hindering new deal supply.

Despite rising secondary equity markets, new supply has dwindled. Overall ECM issuance is down by 26.5% when compared with last year.  

The IPO market has been particularly quiet with few sellers willing to float in Europe. According to Dealogic, there have been 48 new listings from European ...

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