JSW IPO books covered as investors sense a must-have

Amid an air of gloom and doom as Prime Office became the fourth EMEA IPO to be postponed this week (see separate story), joint global co-ordinators Citigroup, Goldman Sachs, JP Morgan and UniCredit put out a covered message for Polish state-owned coking coal miner Jastrzebska Spolka Weglowa’s Z4.5bn-Z5.7bn ($1.6bn-$2.08bn) IPO on Tuesday.