EquityZen Co-Founder and Chief Revenue Officer Phil Haslett in MarketWatch

Mad dash for cash drives biggest month for follow-on offerings since the financial crisis

IPO market already seeing its best month for deal activity in more than a year following Vroom, Warner Music, Azek offerings

Companies in need of cash are rushing to take advantage of an opportunity to raise money through equity markets while they still can.

The mad dash to fortify balance sheets following a rocky spring and ahead of an uncertain fall helped make May the biggest month for follow-on offerings by dollar value since December 2009, according to Dealogic data.

Read more here: https://www.marketwatch.com/story/mad-dash-for-cash-drives-biggest-month-for-follow-on-offerings-since-the-financial-crisis-2020-06-12

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