The country’s stock index is at record levels (it broke the 106,000 level in mid-July and it is also near to a record in dollar terms), which has led to a flood of new equity issuance, most of it secondary deals.
Investment banks are having a good year: according to data provider Dealogic in the first half of 2019 there were 19 deals worth a combined volume of $8,411, compared to $3,130 in the first half of last year.
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