IPO investors demand quality in 'difficult market'

IPO investors appear to be putting a high premium on company fundamentals when looking at new listings, focusing less on thematic trends and more on underlying numbers, as shown by the listings of Watches of Switzerland and Marel.

  • By Sam Kerr
  • 10 Jun 2019

Both traded up since listing, netting IPO investors solid gains, and raising hopes that other new listings will perform in a similar manner.

Marel is trading 4.9% above its €3.70 offer price on its second day of trading in Amsterdam and Watches of Switzerland has risen by over ...

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All International Bonds

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1 JPMorgan 256,148.23 1150 8.47%
2 Citi 233,269.04 972 7.71%
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4 Barclays 184,544.19 754 6.10%
5 Goldman Sachs 144,972.37 604 4.79%

Bookrunners of All Syndicated Loans EMEA

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5 UniCredit 19,891.92 110 4.97%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 8,160.55 49 10.10%
2 Morgan Stanley 7,744.92 38 9.59%
3 Goldman Sachs 6,966.15 37 8.62%
4 Citi 5,856.44 44 7.25%
5 UBS 4,820.17 25 5.97%