Big investors are gearing up for more emergency share sales from companies trying to shore up their balance sheets or build acquisition war chests as the pandemic leaves businesses fighting for survival. More than 50 companies have raised about £7bn through equity placings in the past two months in the UK alone, according to PrimaryBid, a group that links retail shareholders with companies. Although businesses in other countries have largely opted for different measures to protect finances, such as bank credit lines and debt markets, fund managers expect more placings in the months ahead.
This article was originally published on finance.yahoo.com/news/.
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