Actionable Ideas for Companies and Sponsors
Opportunistic Primary Equity Issuance in the U.S.
With U.S. equity markets trading near all-time highs, issuers are aggressively raising primary equity capital through follow-on offerings and block trades. In 2021 YTD, 241 companies have raised $60 billion of primary capital, compared to 87 offerings raising $19 billion in the comparable period last year. The most active sectors include healthcare, technology, real estate and industrials. Given the strength of the new issue market, we expect activity levels to remain robust.