IPO preppers duck travel over coronavirus fears
The spread of the Covid-19 coronavirus outbreak is grounding equity capital markets banks attempting to win business as face-to-face meetings are cancelled. This week SIA, the Italian payments company, said that banks pitching to win the mandate for its IPO could do so over the phone or by video call rather than travel to Milan.
The Covid-19 outbreak has hit the north of Italy hard. There have been 322 cases reported in the country as of Wednesday and 10 deaths. Several towns in the north have been quarantined.GlobalCapitalreported on Monday that SIA, which is owned by the Italian state, was ...
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