Copying and distributing are prohibited without the permission of the publisher. If you wish to distribute this content please contact Christopher Hunt (email@example.com) for a quote.
Subscribe today: Order Euromoney by contacting us on +44 (0)20 7779 8999 (UK) or +1 212 224 3570.
Recent deals from Lonmin and Saipem demonstrate that in current markets even one of the more straightforward types of capital raising, rights issues, can struggle. Is the model broken, or is this troubling evidence of just how risk-averse underwriters have become?