Energy Rebound Leads Capital Markets As Health Care Fades
Law360, New York (February 10, 2017, 8:35 PM EST) -- Oil and gas has soared to become the leading sector for equity capital markets deals in early 2017 while health care-related offerings have plunged, new data shows, marking a sharp role reversal from last year amid shifting market dynamics and uncertainty surrounding potential Trump administration health care policies.
U.S. listed oil-and-gas companies have raised $8.3 billion from 17 deals through Friday, according to researcher Dealogic, making it the top sector year to date in equity capital markets. Oil and gas companies have also raised more than double what they did last year at this point, when such issuers netted only $3.8...
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