WHO ARE THE LEADERS IN INTERNATIONAL EQUITIES?
Over the past three months, Euromoney has compiled the
market's most comprehensive database on international equities.
The information will soon be available as a new data service, providing
a system comparable to Euromoney's highly respected Bondware.
Meanwhile, the process of data collection goes on. Here we offer some
preliminary results.
Last year investors rediscovered equities. The trend towards share
offerings sold wholly to foreign investors accelerated, catching the
market's imagination. It became very clear that the Euro-equity
was an important new growth source for the international capital
markets.
Some of the deals were very large indeed. In June 1985, Nestle
issued 300,000 bearer participation certificates. The firm returned to
the market twice more in the next four months, each time placing the
BPCs at a higher price. The three offerings raised almost $500 million.
In December, Deutsche Bank went one better, placing...
