Follow-On Issuance Declines but Fares Better Than IPOs

While the amount of money raised through IPOs in the US was essentially flat this year, the market for subsequent deals known as follow-ons was hot

Hickey and Walters (Bespoke) submit: The S&P/Case-Shiller home price numbers for September were released this morning, and below we provide a number of tables and charts highlighting recent trends. September was a very weak month for home prices. Only 2 of the 20 cities that are tracked saw month-over-month gains.

Recession Numbers Second Consecutive Month Yesterday I was asked if the services ISM changed my view about the US being in recession. I responded that I wanted to see today's job report first. Well I have seen it and the report is nothing short of a certified disaster. Yes, Virginia, based on the household survey, and manufacturing reports, the regional Fed surveys the US is in recession.

For the first time since the financial crisis, the amount of money raised in public debt and equity offerings is rising, up 22% in 2012, Securities and Exchange Commission Chairman Elisse Walter said.

There has been a lot of focus on the fate of IPOs in the current environment, but another area of equity issuance is also suffering: follow-on deals.

There has been a lot of focus on the fate of IPOs in the current environment, but another area of equity issuance is also suffering: follow-on deals.

When political leaders do out of there way to make make mollifying statements on the economy, it's a sure thing the opposite is about to happen. Platitudes are flowing in Japan as Haruhiko Kuroda, Japan’s central bank governor, says the risk of systemic instability is “not large”. The correct interpretation of course is "the risk of instability is huge". Please consider Haruhiko Kuroda says rates must stay low until economy improves.