Coronavirus forces bankers from ‘dire’ IPO market to emergency capital raises – ZAWYA

Coronavirus forces bankers from ‘dire’ IPO market to emergency capital raises – ZAWYA

Coronavirus forces bankers from 'dire' IPO market to emergency capital raises. LONDON- Not a single European company listed on the stock market in March as the coronavirus spread across the continent, with bankers now counting on fees from emergency share sales and rights issues to keep them in work for the rest of 2020.. But stock market listings abruptly stopped this month, the data shows, as one by one European countries introduced lockdowns to restrict the spread of the virus.. Bankers in Europe pocket on average between 1% and 2% of the proceeds raised in an IPO, while the fee is around 1% - 3% for rights issues, where existing shareholders buy additional shares in a company at a discount.. So far in the Europe, Middle East and Africa region (EMEA), only South Africa's Sasol has announced a rights issue, for $2 billion..