SMCP's €560m Parisian fashion IPO covered on day one

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SMCP's €560m Parisian fashion IPO covered on day one

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Eiffel Tower and bridge Iena on the river Seine in Paris, France | Givaga/Givaga - Fotolia

The IPO of SMCP, the French fashion group that owns the brands Sandro, Maje and Claudie Pierlot, is covered, one working day into the bookbuild.

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