There is some early evidence that Big Finance is pulling back, with
new equity issuance down recently.
Not exact matches
If we raise additional funds through further
issuances of
equity, convertible debt securities, or other securities convertible into
equity, our existing stockholders could suffer significant dilution in their percentage ownership of our company, and any
new equity securities we issue could have rights, preferences, and privileges senior to those of holders of our Class A common stock.
The table above does not include (i) 5,952,917 shares of Class A common stock reserved for
issuance under our 2015 Incentive Award Plan (as described in «Executive Compensation —
New Employment Agreements and Incentive Plans»), consisting of (x) 2,689,486 shares of Class A common stock issuable upon exercise of options to purchase shares of Class A common stock granted on the date of this prospectus to our directors and certain employees, including the named executive officers, in connection with this offering as described in «Executive Compensation — Director Compensation» and «Executive Compensation —
New Equity Awards,» and (y) 3,263,431 additional shares of Class A common stock reserved for future
issuance and (ii) 24,269,792 shares of Class A common stock issuable to the Continuing SSE
Equity Owners upon redemption or exchange of their LLC Interests as described in «Certain Relationships and Related Party Transactions — SSE Holdings LLC Agreement.»
From a historical standpoint, however, when the
equity market has joined persistent overvalued, overbought, overbullish extremes with deteriorating market internals, with a cherry on top featuring two - tiered speculation in glamour stocks and heavy
new issuance of stock by companies that predominantly have no earnings, we find it difficult to find any precedent that hasn't worked out quite badly.
Instead of relying on
equity issuance, corporations in Indexville have the option of funding
new investment out of their own profits.
From a historical standpoint, however, when the
equity market has joined persistent overvalued, overbought, overbullish extremes with deteriorating market internals, with a cherry on top featuring two - tiered speculation in glamour stocks and heavy
new issuance of stock by companies that predominantly have no earnings, we find it difficult to find any precedent that hasn't worked out quite badly.
Global law firm Norton Rose Fulbright has advised Greencoat UK Wind PLC (Greencoat UKW), the leading listed renewable infrastructure fund, in connection with a # 340 million
equity offering which forms part of Greencoat UKW's
new share
issuance programme and the acquisitions in 2017 of eight wind farms.
The latter option would not entail hiring banks to underwrite the
issuance of
new shares, but instead list Spotify's existing
equity on a public exchange.