Talanx tees off €700m IPO as window opens for deals in Europe

Talanx, the German insurer, on Tuesday started pre-marketing a Frankfurt IPO of approximately €700m in the first big test of market sentiment towards new issues since the postponement of the Evonik Industries deal in June. Deals for MegaFon in Russia, Teleónica’s German assets and Royal Bank of Scotland’s Direct Line make up the big four that bankers hope to see early in the fourth quarter.