A SUPPLEMENT TO EUROMONEY/MARCH: MARKETS 1998
Investment bankers are confident that the volume of new equity issues in 1998 will at least match last year’s level. In 1997 a strong market delivered record levels of privatizations and initial public offerings (IPOs) in Europe and Asia, and a robust performance in the US.
Asia will be a virtually dead market for at least the first half of 1998 – and probably for the whole year. But Europe, driven by privatizations in both the west and east, could see as much as $110 billion of primary issues.
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