Deals of the Year: Equity (TT Nov04)

IPOs take their slice of the cake
Limited M&A activity again dampened issuance in the equity markets during 2003-04, although the markets were tapped by companies looking to refinance their balance sheets or raise money for company restructurings or growth and development. The IPO market also witnessed further steady issuance and demand, with many deals several times oversubscribed.

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