IPO pitching becomes more competitive as supply wanes

By Sam Kerr
07 May 2019

Equity capital markets bankers are pitching aggressively for any new business they can get, often disregarding issuer region or the size of the deal, to make up for the dearth of supply so far in 2019.

Dubai-based logistics company Tristar completed the process of mandating banks for its London IPO last week with Bank of America and Citi understoodto be global co-ordinators on the transaction.

The IPO will likely be between $300m and $400m, according to sources.

Several banks that pitched for ...

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