Arqiva, Bakkavor IPOs fall victim to valuation pushback

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Arqiva, Bakkavor IPOs fall victim to valuation pushback

LSE PA 230 150

Two firms abandoned their London Stock Exchange IPOs on Friday after investors saw the valuations they were seeking as too aggressive. But Befesa, the Spanish metals recycling company, made a successful debut in Frankfurt, closing 14.2% higher.

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