Catch up with the latest pandemic-related financial insights from Breakingviews, from plans for an IPO of Poland’s version of Amazon to the challenge of getting sports stars back out in front of fans. Read here:
, there may well be pent-up investor demand. Still, the banks that are coordinating the deal will have to watch out for market volatility, either if there’s a big spike in virus infections or before the U.S. presidential election. Even a strong IPO candidate may have to price generously. Los Angeles Lakers’ star LeBron James may be facing his toughest opponent yet: Florida. National Basketball Association players are supposed to be hitting the courts in the state next month.
True, the 22 teams are set to play in a bubble-like atmosphere with extensive health guidelines outlined in an 113-page document. But ESPN reported that players and executives have still expressed concerns.this year – closed spring training facilities in Florida and Arizona until they can be deemed safe, partly because five Philadelphia Phillies players stationed in Florida tested positive.
Additional barriers to entry, though, could be problematic for a place where travel and tourism accounts for more than. Few insurance policies cover a known pandemic. Returning home to most countries often requires a 14-day quarantine. The comparative advantage of open borders also could disappear quickly. Some well-heeled travelers may be itchy to get to the renowned Angkor Wat temple complex, but Cambodia’s solution hardly seems like a passport to recovery.
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