BofA (BAC) to Take Advantage of the European IPO Market Revival

Given that Europe’s initial-public offering (IPO) market has been recovering after almost two years of weak trading activities, Bank of America Corporation (BAC) seeks to build out its equity capital markets franchise in the region. The news was first reported by Bloomberg.James Palmer, BofA’s head of equity capital markets in Europe, the Middle East and Africa, said in an interview that last year, the bank made a “conscious decision” to focus particularly on stake sales by large shareholders.Palmer stated, ...