Eurozone contagion feared after Italian IPOs shuttered

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Eurozone contagion feared after Italian IPOs shuttered

Salvini_Italy_cameras_
Northern League (LN) leader Matteo Salvini speaks with the press on May 28, 2018 after leaving the Chamber of Deputies in Rome, Italy. Italian President Sergio Mattarella nominated Prime Minister the former director of the IMF Carlo Cottarelli, after Giuseppe Conte, precedent Prime Minister candidate, had quit after 5 Star Movement (M5S) and Northern League (LN) appointee as finance minister Paolo Savona was rejected by the Italian President. (Photo by Michele Spatari/NurPhoto/Sipa USA) | NurPhoto/SIPA USA/PA Images

The furore over the identity of Italy’s new government has seemingly put at least a temporary stop to its IPO market, with some sellers looking to wait until a semblance of stability returns. Other European markets are operating as normal but bankers remain on alert should volatility worsen, writes Sam Kerr

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