In the run-up to MiFID II, there were many forecasts as to how Research & Corporate Access would develop from a corporate perspective.
Thus it was often predicted that small caps, according to MiFIDII, would have little or no coverage and no sell side roadshows and one-on-ones by brokers.
Mid Caps – so the forecast, would be able to fall back only over less than 5 analysts, which would be paid by the Buy Side.