Traton gets traction after one week on road
Europe’s most prominent IPO, the Frankfurt listing of Volkswagen’s truck unit Traton, has been on the road for a week and sources have expressed confidence in the deal’s viability.
It is early days for the IPO. But after a week and a half of investor education, the deal has already been positively received by some investors. It has been a good start for a deal unexpectedly postponed in March because of volatility in global equity markets.