Gestamp, Farmafactoring stable after poor debuts, Galenica skips

By Jon Hay
10 Apr 2017

Shares in Gestamp Automoción and Banca Farmafactoring, which had performed poorly on their first day of trading after their IPOs on Friday April 7, steadied this week, providing relief to equity capital markets bankers anxious to avoid poorly performing deals putting off investors.

Sentiment matters - the post-Easter period is expected to be busy for equity capital markets, especially once the French presidential election is out of the way on May 7. Already this week, a new IPO has been announced, for Digi Communications, the Romanian cable, TV, internet and mobile ...

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