THE BLACKBERRIES MUST have been buzzing non-stop on the beach this summer. The moment the annual August holiday season ended in Europe, investment bankers were ready to sell stock worth e10.75 billion ($13.5 billion) on the primary market in less than two weeks.
First off the block were Morgan Stanley, BNP Paribas, JPMorgan, and SG, with a e5.1 billion sale of 249.5 million shares in France Telecom for Agence France Trésor on September 3. The deal, the third-biggest accelerated bookbuild ever, was accompanied by a e1.15
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