Misys targets lower IPO freefloat as volatility bites

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Misys targets lower IPO freefloat as volatility bites

Misys, the UK banking software company, has been buffeted by the turbulence that has beset the European IPO market over the last two weeks, as it launched the bookbuild for its £650m to £750m IPO on Monday with a lower free float than initially planned.

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