Hot blocks give boost to European IPOs
As Europe's IPO market enters a key issuance window, a wave of new deals are expected to be launched in the next couple of weeks, encouraged by the favourable conditions in the blocks market, writes Aidan Gregory.
The strength of the block trade market was demonstrated on Tuesday night, when Bayer placed €1.5bn of Covestro stock in the largest accelerated bookbuild of the year so far.Bayer’s deal came after several other big equity capital markets transactions in recent weeks, including Deutsche Wohnen’s €1.3bn ...
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