FFollow-on equity sales held up a bit better than their IPO
counterparts, and certain blue-chip issuers were able to make
use of them even when the IPO markets were firmly closed in the
second half of 2011.
Gerdau’s 4.99 billion real ($3.14 billion)
follow-on in April stood out not only as the largest equity
deal of 2011, but as a particularly complex structure involving
two different share classes.
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.