Bankers suggest secondary sell-downs to return

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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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