If the shoe fits: HTY gets away, but MSK trips
The stabilisation managers for the £227m IPO of HellermannTyton used a small proportion of a greenshoe in the early days of the offer, soaking up enough selling pressure to see the shares gain momentum and trade well. Moleskine hasn’t been so lucky.
The Italian stock began trading in a difficult week for the market and, with holders losing confidence it been tough to find buyers since the stock broke through the issue price.
Hellermann said on Monday that Goldman Sachs had exercised the greenshoe option for 7.6m of the 10.8m
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