After a record 2007, in which $935.4 billion was raised through equity markets across the world, 20% more than in 2006, ECM bankers remain optimistic for 2008, despite the year’s inauspicious start.
"Clearly equity markets remain challenging as we head into 2008," says Thomas Gottstein, co-head of EMEA ECM at Credit Suisse. "Concerns about a US recession and a slowdown in countries like the UK and elsewhere mean that there is a general toning down of global growth expectations. Emerging markets in Central Europe, the Middle East, Asia and Africa, however, continue to show strong growth and we expect this to be reflected in their contribution to global ECM volumes."
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