Investors demand companies justify Covid-19 equity raises

By Sam Kerr
06 Apr 2020

Equity investors expect more capital raises this week as companies seek to raise cash to support them through the Covid-19 pandemic. However, investors are demanding issuers be clear as to why they need to raise funds now.

Spanish travel IT firm Amadeus, UK recruitment company Hays and vehicle trading marketplace AutoTrader all priced deals last week to raise capital in response to the impact on their business operations caused by Covid-19. However, despite similar messaging on each deal, investors were not entirely comfortable.

"There ...

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