Capital markets

Raising capital in the domestic and global markets


Access to capital to fund expansion and operations is critical to a company’s ability to meet its short- and long-term objectives. Traditionally, aside from simple bank financing, capital was raised through the following transactions:
  • Initial Public Offerings (IPOs) – visit IPO services
  • Securitizations and structured finance arrangements
  • Private Placements (144A)
In the best of times, these transactions were highly complex, required sophisticated analysis, and often involved complicated structures. In the context of the current economic crisis, the inherent uncertainty and risk around raising capital has increased dramatically. The new “wild cards” include evolving capital market regulation, contraction in the credit markets, the effects of significantly increased government borrowing and lending and global recession. Against this backdrop, the consequences of an improperly executed capital raising transaction have increased dramatically. Historically, in many cases, the effects were limited to marginally higher costs of capital from an alternate source of funding. Today, though, funding alternatives, to the extent they exist, are more limited for many companies.

At PwC, our Transaction Services capital markets professionals, located in the US and principal capital markets globally, leverage deep knowledge of both US and global exchanges and regulatory processes to help clients effectively address the new challenges of the current economic environment.

For more information on how our capital market professionals can help, download a pdf of our approach.