Extreme daily vol puts equity capital raising on hold

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By Aidan Gregory
18 Mar 2020

The wild daily swings in equity markets and stratospheric levels of volatility caused by the Covid-19 crisis has left equity capital markets bankers with very little to do, beyond waiting for the market to find a floor when executing transactions becomes feasible once again.

There will be no IPOs in Europe for the foreseeable future and the only capital raising that occurs will be on behalf of forced sellers or distressed companies. Even equity-linked, which as an asset class benefits from volatility, has ground to a halt.

“There is very little ...

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