Further growth in equity market issuance is expected, following last year’s record-breaking year that saw capital markets come to the assistance of cash-strapped organisations. A long and fat tail of risks is depressing sentiment in Asia and Europe, while in the Americas, the SPAC boom points to continued investor appetite for risk.
There will be no return to normality. That’s the conclusion of the world’s equity deal makers, who, following a record-breaking 2020, anticipate no let-up in equity issuance for the year ahead.
Discover the full view of what over 460 deal makers expect of 2021
Equity market boom continues
The number of equity issuances across global capital markets increased by 56 percent in 2020 to hit $1 trillion, while the average predicted growth rate in 2021 will add another 6 percent of volume, according to deal makers interviewed for Refinitiv’s Sentiment Survey.
Even if the market remains flat, as a majority of deal makers predict, this would still make it an impressive year by historical standards.
This is an except of the original blog article published on Refinitiv Perspectives. Continue reading the rest of the article here.
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