ANALYSIS: At-the-Market Offerings Trend Upward in Q1 2020

At-the-Market (ATM) offerings quickened their pace in Q1, setting the stage for strong 2020 results if investor appetite holds, according to data from Bloomberg Law’s Deal Analytics tool.

During these turbulent and challenging economic times, current public companies are increasingly likely to turn to follow-on offerings to meet their capital needs. ATM offerings, a type of follow-on offering where a publicly listed company sells newly issued shares at prices determined by the trading market, are a particularly good mechanism for companies to manage volatility risk, allowing them considerable control over the timing and number of shares sold to the public. ...