Newlat extends IPO bookbuild, despite reports deal was covered

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Newlat extends IPO bookbuild, despite reports deal was covered

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FN8JM1 Milan Cathedral, Duomo di Milano, one of the largest churches in the world | Alamy Stock Photo

Newlat, the Italian food group, has extended bookbuilding on its IPO until October 24 and has shrunk the deal size, despite reports earlier this week that the deal was covered throughout its initial price range.

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