First Credit, Now The Corona-Crash Is Freezing Equity Market Issuance

First Credit, Now The Corona-Crash Is Freezing Equity Market Issuance

On the heels of global credit markets grinding to a halt this week as the Covid-19 outbreak, it appears the freeze has spread to equity markets as Bloomberg reports more than $650 million in IPOs to be pulled from European capital markets.

As we detailed previously, high yield and investment-grade spreads have surged this week, illustrating the stress permeating underneath markets.