New lockdowns no hindrance for ECM supply

By Sam Kerr
30 Oct 2020

New national lockdowns in France and Germany smashed secondary equity markets this week, but ECM bankers are confident that as the shock subsides there will still be deals to do.

Germany’s DAX 30 fell 8.56% this week and France’s CAC 40 dropped 6.8% as their governments reimposed draconian lockdown restrictions in response to rising Covid-19 cases.

“We will have to see how the markets reacts to more lockdowns as I think there is probably more to come, particularly ...

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