IPO 'wave' to test investor capacity

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By Sam Kerr
12 Aug 2020

Europe’s equity capital markets have gone quiet in August as investors take a holiday before what is expected to be a busy September. Bankers are keen to get their deals done quickly when the market reopens to avoid running into bad news on Covid-19 and a volatile US election, meaning investors will be asked to take part in an onslaught of IPOs in a true test of market capacity.

One of the largest deals of the autumn is set to be the listing of polish e-commerce company Allegro, but it will not get a free run at investors once the market reopens after the August break.

Earlier this year bankers said there were as many as 12 ...

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