Cornerstones go mainstream for European IPOs

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Cornerstones go mainstream for European IPOs

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This is a weathered old stone corner wall of a building facing onto the roads. | oleksandr - stock.adobe.com

Companies are increasingly turning to cornerstone and anchor investors to support their IPOs across the price range before deals are launched. While the phenomenon is common in Asia and the Nordic markets, it has been rarer in UK and most continental European deals until now, but the trend is turning into the norm, reports Sam Kerr.

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