This was the year of the follow-on offerings for the reasons enumerated throughout these pages. Follow-on share offerings and, later, high yield stepped into the breach created by the credit crunch. Risk appetite was prevalent, at least with established issuers, and dilution of seemingly small concern. Numerous deals were nominated and many were well deserving of this award. Shares were issued worldwide and many were extremely noteworthy including major offerings for NYK Lines, NOL and A.P. Moller-Maersk.
This is only an excerpt of “When It Absolutely, Positively Has to Be There Overnight” – The Equity Follow-on Award
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