An interesting little point from last night's lecture on capital raising in the public and private markets, from KBC Peel Hunt's Alex Vaughan.
He says, if you've got an IPO planned, you'd better be underway by FRIDAY at the latest. Anyone not on the road speaking to potential investors by then would be better of waiting until next year.
In general his message was that the public market is willing to look at IPOs, but you need a fantastic track record, as investoprs would rather back a secondary offering from an already existing team - and this is where the most money has been raised from the stockmarket this year.
Vaughan was far more confident than Credit Suisse's Frederik Elwing, who outlined prospects for raising equity in the private market.
Funds are only just now willing to again look at private property funds, having emerged from their post-Lehman Brothers terror-phase, and it could take up to two years to raise the cash.
By which time, let's face it, that 'once-in-a-generation' opportunity might well have gone.
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