Lehman Brothers tapped the public equity markets for the second time in less than three months as it raised $6bn (â¬3.8bn) in fresh capital after admitting that writedowns and losses from hedges and principal trading will cause its first quarterly loss since going public.
Lehman brought forward its expected headline second-quarter figures to today from the scheduled full release next week and took the opportunity to simultaneously detail plans for the bumper equity fundraising, the size of which was at the top end of analyst predictions as speculation of a quarterly loss and capital raising intensified last week.
