Investors and issuers jump through IPO window
A run of peripheral and emerging markets names over the last couple of weeks have given ECM bankers confidence that the strong run of post-summer issuance is likely to continue into winter. With two big Russian IPOs in the market — Tinkoff Credit Systems and Alrosa — alongside a splurge of southern European ECM issuance and deals from other neglected sectors and regions, the IPO market seems firmly open, at least for now.
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