HERE’S A QUIZ question. The following equity capital markets deals were all done in the same month of the same year: the first convertible for a dot com in Europe; the largest ever sole-managed block trade; an accelerated book build for a technology company equivalent to 50 days’ trading volume priced at a premium to the close. When was this? The answer, which may come as a surprise to many, is last month. Lastminute.com’s e103 million convertible, Dutch telecom KPN’s e2 billion block trade, and the French state’s sale of 16% of software company Dassault Systèmes for e600 million, were all successfully executed in September.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
