Green Shoots on Wall Street for Shipping

According to recent public comments of bankers and investment bankers, capital markets alternatives are stepping to the fore to finance credit gaps left by cautious or constrained banks. They point to the return of the secondary equity raise as the first indication of a reawakening equity markets.

In 2008, there were a total of 219 secondaries on NASDAQ and NYSE, raising almost USD 113.5bn. This year through the end of May, there were 172 secondaries on NASDAQ and NYSE, raising almost USD 81bn.

This return of secondaries reflects increased confidence of investors in equity capital markets and

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