Globaltans, Palm Hills and Türk Telekom power on
Rail freight operator Globaltrans priced its IPO at $13.25 a GDR, raising $450m, $50m short of what was planned. Meanwhile, Egyptian property developer Palm Hills will start trading in London and Cairo next week, after raising $201.3m in an IPO, shrugging off a chill in global real estate and capital markets. The Turkish government hopes to achieve the same when it sets the price range for the IPO of Türk Telekom, aiming to raise TL2.47bn. Read more in EuroWeek on Friday.
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