Ziggo slumps as investors shun €1bn sale

Ziggo has delivered a much-lauded IPO and two well-received blocks mandated on an agency basis but a nine bank auction on Monday evening for the latest €1.03bn sell-down — for 20% of the company — was a different type of ECM business. The result was a deal that never looked like it got any traction and a stock that traded 2.2% below the offer price.