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IPO market stalls in Europe after faltering start

VALENCIA, SPAIN - SEPTEMBER 16, 2021: Ibercaja is a Spanish bank based in Zaragoza

Despite record volumes in 2021, it has been the worst start to a year in the European IPO market since 2016 — even a deal from a favoured sector has been pulled. Market participants agree one thing is needed to fix it: certainty about the path of interest rates

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