IPO investors suspect equity rally is bull

By Sam Kerr
18 Jul 2019

The S&P 500 last week broke through the 3,000 level and set a new record high to cap seven months of global equity indices gains. But active equity fund managers remain sceptical of the rally and are continuing to exercise caution particularly in IPO investing.

A solid run for the IPO market slowed this month and on Monday the IPO of AB InBev’s Asian subsidiary, potentially the largest flotation of the year, was postponed due to weak demand from institutional investors. 

In the UK, ReAssure, the UK closed book life insurance division of ...

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