New Trends In Equity Offerings

This article was originally published in the schoenherr roadmap`10 - if you would like to receive a complimentary copy of this publication, please visit: http://www.schoenherr.eu/roadmap.

Although the Vienna Stock Exchange has not seen any IPOs recently, a number of Vienna listed companies have recently increased or are planning to increase their share capital by way of a rights issue. After the sharp downturn of equity capital markets at the peak of the financial crisis, equity capital markets transactions are slowly coming back. However, the situation has changed and issuers often decide to increase the share capital only if subscription of the new shares can be ascertained, for instance by backstop investors.