Veneto IPO hopes fade as multiple maths makes it a hard sell
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Veneto IPO hopes fade as multiple maths makes it a hard sell

Veneto

Veneto Banca’s IPO bookbuild will begin on June 8, but hopes of it achieving its flotation in Milan are dim. “At the bottom of the price range, there are cheaper Italian banks,” said one banker on the deal, encapsulating the problem.

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