Corporate Deal Tracker: Door Cracks Open for Capital Markets

© 2016 The Texas Lawbook.

By Natalie Posgate

(Aug. 3) – Texas lawyers found that the capital markets remained tight-fisted during the first six months of this year, but new data indicates that the door to the vault might be cracking open ever so slightly for the rest of 2016.

The Texas Lawbook’s Corporate Deal Tracker shows that Texas-based lawyers worked on 115 securities offerings valued at $51.5 billion in the first half of the year. That marks a significant decline from the deal flow witnessed in H1 2015 – down 35 percent on count and 45 percent on value – but it wasn’t nearly as bad as the market conditions during the second half of last year, the data shows.