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Stock impact report

Feeding frenzy hits new peaks as companies rush to raise funds [Financial Post (Toronto, Ontario, Canada)]

Warby Parker Inc. (WRBY) 
Company Research Source: Financial Post
Capital markets have never been so hot. Advertisement Article content Companies across the globe have tapped investors for trillions of dollars in debt and equity this year, taking advantage of rallying stock markets and rushing to exploit the easiest borrowing conditions in decades before the Federal Reserve and other major central banks start to withdraw their support. The feeding frenzy, including more than US$1-trillion worth of share sales and nearly US$4 trillion of bond issuance, involves the biggest names in the corporate world, including Apple, Walmart, Baidu and Volkswagen. And even though bankers are racing to ink loans and finalize initial public offerings, the backlog of deals still to be done remains daunting. “People are flat out right now, whether that be equity capital markets bankers, M&A bankers, lawyers — the City is definitely full with transactions,” said Duncan Smith, head of European equity capital markets at RBC. Smith compared the intensity of work Show less Read more
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