
23 Jun Storing Up Trouble?
With more companies seeking to shore up their capital in the coming months, Scorpeo US CEO Jonny Ruck discusses how an increase in rights issues and Scrip dividends will inevitably drive up corporate actions volumes:
“[Back in 2008] it was mostly financial institutions who were looking to raise capital. Hundreds of billions of dollars were raised, mainly through rights issues. It’s very likely we’re going to see the same here, but probably to an even greater extent, because in this instance, more than just the financial institutions are going to be hurting and short of cash. Whether it’s later this year or whether it rolls into 2021, we will see a lot of companies looking to do rights issues.”
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