IPO dismay as Talanx balks at investors’ price demands
Stock prices might be up and volatility down, but a bull market for European IPOs is nowhere to be seen. And to judge by the furore that greeted the cancellation of the IPO of German insurer Talanx this week, bankers are finding it as hard as ever to bridge the yawning gulf that divides the expectations of issuers and those of the buyside.
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