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EquityEquity IPOs

Telefonica drops 4.75% after dumping unsold Telxius IPO

Telefonica 230x150

Shares in Telefonica, the Spanish communications giant, fell as much as 4.75% on Friday morning after the Spanish communications giant decided late on Thursday to scrap the IPO of Telxius, its telecoms infrastructure division, after it failed to attract enough demand from investors at an acceptable price.

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