Investors fear also-rans as IPO activity rises

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By Sam Kerr
18 Sep 2019

A strong start to a pair of European IPOs has encouraged more deals into the market. But investors fear being decorated with shares that will underperform as new issuers line up.

The listings of German software company TeamViewer and Swedish private equity company EQT were both covered on the first day of bookbuilding, prompting banks to take advantage of the momentum with more deal launches.

Italian yacht maker Ferretti, French glass manufacturer Verallia and Kazakhstan payments firm Kaspi have ...

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