Revenues, capital expenditures, and equity offerings all played the biggest roles in this fluctuation.
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When the sector was hot and the stocks traded at premiums to NAV, equity offerings financed growth.
Asian Pay Television's IPO comes at a time when Southeast Asian markets and equity offerings are on the rise.
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He noted that many companies are doing debt and equity offerings almost simultaneously.
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At the time of these equity offerings shares in many banks were, like SAN, already depressed by 50% or in some cases much more.
Now they have begun organising road shows for borrowers, complete with the elaborate disclosure of information, in a way once done for equity offerings.
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The case for independence has improved now that Brazil's capital markets have reached critical mass, with some of the world's largest equity offerings taking place there.
While equity stock offerings were used frequently to build their businesses, the BDCs still had large amounts of debt secured by loans and equity investments in the very companies that are most susceptible to liquidity constraints during recessions.
Equity and debt offerings have been eroded, in large part, by losses.
The graph below shows how much the retirement of equity (via buybacks, LBOs and merger activity) exceeds the issuance of equity (through offerings of new shares).
It has regained its number-one position advising companies on mergers this year, according to Bloomberg, and the firm has also climbed back to the top of the Wall Street heap in managing equity and equity-linked offerings.
Our offerings include equity research and a suite of software tools for value-based corporate management.
As part of the transaction, Julius Baer and BofAML have agreed to enter into a cooperation agreement whereby BofAML will provide certain products and services to Julius Baer, including the provision of global equity research, product offerings, as well as structured and advisory products.
"You'll see some combination of mergers as we've done, or more initial public offerings by private equity funds, " Ross said.
Instead, there will be more opportunity for its retail clients to get in on public offerings, private equity funds or a special commodities fund, and lending, explains Hintz.
Still, Rubin likes how Blackstone diversified investment offerings, moving beyond private equity to real estate and funds of funds.
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Unlike Trump, whose development business is privately held, and Zeckendorf, who flourished before the real estate investment trust was invented, Zuckerman gets ample equity capital for his projects via share offerings of Boston Properties.
Among domestic equity ETFs (excluding short and leveraged offerings), the Guggenheim Spin-Off ETF ( CSD) , a somewhat obscure fund that specializes in this sort of thing, ranks 34th (out of 300) in terms of one-year price performance.
Last year, U.S. private-equity "exits" sales, initial public offerings and other divestments reached the highest level since 2007.
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The successful offerings have prompted a number of companies to recently consider fresh equity fundraising and even revive once-stalled IPOs.
Assuming that the market for new stock offerings can rebound, some of the debt will go away in place of equity capital.
Financial sponsor-backed initial public offerings have jumped in the last few weeks, according to Dealogic, an indication that private equity firms are cashing out of their investments while they can still fetch top dollar.
Equity markets in the long run reward smart risk and punish reckless risk, just as commercial markets reward desirable consumer offerings and reject cynical ones.
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