Bankers suggest secondary sell-downs to return

By Sam Kerr
06 Apr 2020

Equity bankers have suggested that some shareholders might be tempted to come to market to sell secondary shares in accelerated trades, reopening a market largely shut because of pandemic-related volatility.

Most ECM trades in the past few weeks have been accelerated placings of new shares sold by companies to recapitalise in response to Covid-19.

IT firm Amadeus, recruiter Hays, Auto Trader and UK food and beverage outlet operator SSP have all sold new shares in the past fortnight. ...

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