BioCentury
ARTICLE | Finance

Europe waits

July 7, 2003 7:00 AM UTC

3Q Financial Market Preview

The markets are up in Europe and share volumes have increased, indicating a strengthening in investor enthusiasm, but no public companies have yet dared to seek financing rounds. The dilemma for European companies is judging when the markets will open and if they can be ready in time. Unlike in the U.S., European companies cannot so easily raise money through convertible debt, PIPEs and IPOs, making timing an offerings window more crucial...