Covid-19 crushes ECM aspirations for 2020

By Aidan Gregory
31 Mar 2020

Equity capital markets in Europe got off to a great start in the first quarter of 2020, but any optimism about more deal flow has swiftly been killed off by the onset of a global equity market sell-off sparked by the spread of the coronavirus across the globe and the shutdown of major economies.

Just over €28.8bn of equity capital was raised in EMEA in the first quarter, up 9.2% from the first quarter of 2019. The year got off to a strong start in January, with large transactions such as Delivery Hero’s €2.3bn M&A financing, and a €1.48bn capital increase later ...

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