Hopes high for final run of IPOs despite rates, sector scares
Just a handful of this season’s IPOs are still live with the summer break fast approaching. With market jitters about rising interest rates, and investor trepidation towards certain asset classes, ECM bankers are praying the remaining deals go well after a couple of stinkers stripped the gloss off the market picture that some of the better sales had slapped on, writes Aidan Gregory.
The next test for the market will be one of its biggest. One of the largest IPOs in EMEA this year, the Sfr2.4bn flotation of Landis & Gyr, the Swiss maker of precision energy meters owned by Toshiba, is yet to be priced.Bankers involved are confident ...
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