International Equities: Issue now – before the next crisis
It could have been a very different story if it were not for SwissCom. The privatization of the Swiss telephone company in October last year saved the international primary equity markets from the same fate as its US domestic counterpart last year. The France Télécom offering had already been pulled, and those for Finland’s Sonera, Poland’s TPSA and Greece’s OTE were hanging in the balance. A drought looked inevitable.
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