Carnegie Investment Bank CEO Says M&A Helping Offset IPO Drought
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Stockholm-based Carnegie Investment Bank AB is compensating for a downturn in its equity capital markets business through increased activity in mergers and acquisitions, according to Chief Executive Officer Bjorn Jansson.
The privately-owned advisory firm was the top arranger of initial public offerings in the Nordic region last year but listings have since slowed to a trickle amid broad market turbulence and plunging share prices.