At least 69 companies have issued equity valued at £5m or more since the middle of March
compiled by analysts at Peel Hunt. A total of £2.8bn of equity was raised by 14 companies in the past fortnight alone, with gambling group Flutter Entertainment issuing stock worth £813m to take advantage of “opportunities” caused by turmoil and expand its US business.
The coronavirus pandemic sent markets plunging in March, though equities around the world have rebounded at a speed that has confounded some analysts. In the UK and elsewhere, companies in some of the worst-hit sectors, such as travel and leisure, moved quickly to issue new shares to shore up their balance sheets as sales plummeted.