You are currently browsing the Capital Comments weblog archives for the day 6. April 2009.
6. April 2009 by Dan Walkow, CFA, CMT.
HSBC Holdings Plc. said Sunday it raised 12.5 billion pounds ($17.7 billion) in its recent stock rights offering, net of expenses, in a move expected to boost the international banking giant’s capital levels and possibly even fund new acquisitions as reported by CBS here.
Dealermakers are back doing what they do. Making money. Goldman Sachs, J.P. Morgan along with five other dealers in the advisory group will earn 400 million pounds for doing the deal.
Succesful capital raises such as this give further indication of the bullish bias in this market.
I suspect we will see alot more capital raises along with brisk merger and aquisition activity over the near term and this should be very good for the stocks of advisors and dealmakers.
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