The EM bid is back, but aftermarket is test of staying power
After pessimism stunted emerging market ECM issuance for much of 2013, three IPOs from Russia and Poland were completed this week, with another $1.4bn to close on Friday. But with two of the deals not yet trading, and mixed results for those that are, the next couple of weeks could be decisive as a test of whether investor appetite for EM flotations has returned.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts