Schroder Salomon Smith Barney (SSSB) has predicted that €80bn ($87bn) of new equity could come through the European market in 2002, although those that need to issue equity over the coming months will face a reluctant buy-side.
SSSB's analysts admitted that their forecast for issuance in 2002 "seems relatively bullish in the current environment as it assumes that the market would be willing to buy over €26bn of new equity from the telecom and technology sectors over the remainder of the year. With increasing market uncertainty at this time, it is unlikely that this will happen".
