Introduction
The spectacular collapse of the debt markets last year has forced many companies to turn to the equity markets to raise much needed finance. But as the recent HBOS issue demonstrates, such strategies are fraught with difficulties for both the issuers and the underwriters as shareholders fail to take the bait. Furthermore, the turbulence caused by widespread short-selling has led the FSA to step in and impose draconian new rules on disclosure of such positions. Read more >>
