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X-ORIGINAL-URL:https://events.aforeconsulting.eu/
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UID:MEC-c21002f464c5fc5bee3b98ced83963b8@events.aforeconsulting.eu
DTSTART:20201112T133000Z
DTEND:20201112T144500Z
DTSTAMP:20200907T132200Z
CREATED:20200907
LAST-MODIFIED:20201104
SUMMARY:The Future of Equities
DESCRIPTION:Policymakers have concentrated on getting money to businesses to bridge their funding gap through the pandemic and to strengthen the subsequent economic recovery. Most of this funding has taken place through loans and other debt. Debt is effective because it is quick and effective, but it generates side-effects: more debt means a worsening of a companies’ credit rating overtime limiting the ability to obtain new funding. Time is also of the essence if we are not to hold back companies from using the right form of finance without impacting of their ability to fund themselves post crisis.\nTo avoid the problem of leverage and indebtedness, companies need to raise equity. Despite all the focus, over recent years, the record of European Union companies raising Equities through either Initial Public Offerings (IPOs) or further offerings is very poor. Over the last quarter there were just 10 IPO’s across the European Union which is poor in comparison to both historical times and other parts of the World.\nThe European Commission have long realised the need to improve European Capital Markets and have delivered 12 of actions announced under the 2015 Capital Market Union (CMU) action plan covering not just equities markets but other related markets. In June the High-Level Forum published its final report on CMU setting out recommendations aimed at removing the biggest barriers in the EU’s capital markets. The Commission will look again at MiFID II/MiFIR next year to taking stock and assessing what areas are in need of an overhaul.\nThe existence of liquid secondary equity markets is essential condition for developed IPO markets. Secondary markets are the main exit strategy for any investors in IPOs and therefore the higher the secondary market liquidity, the higher the investor appetite for IPOs.\nThis webinar will look at what should policymakers do to improve the ability of companies to use European equity markets. Have these factors changed at all post COVID-19? How important is secondary market liquidity for potential investors in IPOs? The speakers will discuss different measures, policy solutions, what works best in practice and also the decisions that corporates are often faced with when deciding whether and where to raise equity, or not as the case maybe.\n
URL:https://events.aforeconsulting.eu/events/the-future-of-equities/
ORGANIZER;CN=Daniel Trinder:MAILTO:Daniel.Trinder@aforeconsulting.eu
CATEGORIES:In discussion with webinar
ATTACH;FMTTYPE=image/jpeg:https://events.aforeconsulting.eu/wp-content/uploads/2020/09/iStock-924212072.jpg
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