Taking stock: Numericable three months on
Almost exactly three months after French cable firm Numericable completed its IPO, one of the most oversubscribed of 2013, Spanish peer ONO’s announcement this week of its intention to float has excited ECM bankers across the market.
Bankers still retain great affection for the Numericable transaction, which was completed early in November, and their praise for the trade has been reflected in the stock’s performance in the aftermarket. The shares, which were priced at €24.80 have never fallen below €25.695, and peaked as high as €30.
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