Demand for primary ECM holds despite second wave fears

By Sam Kerr
25 Jun 2020

Wednesday evening proved a busy night for equity bock trades, despite wider sell-offs in secondary markets over fears of a second wave of Covid-19.

Student accommodation company Unite Group raised £300m in primary capital on Wednesday night. Brewer and pub operator Young’s joined it in the market with an £88m raise, as did Airline EasyJet which raised £450m (see separate story). In South Africa, Harmony Gold raised R3.5bn ($200.3m) to pursue growth ...

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