IPO pricing continues but Covid darkens skies over market

By Sam Kerr
24 Sep 2020

The European IPO market is continuing to churn out deals, but a return of volatility in secondary equity markets is starting to cause discomfort among syndicate bankers, who say they must proceed with caution in the weeks ahead.

On Wednesday banks working on the IPO of Ignitis Grupe, the Lithuanian state energy and utility company, sent out a covered message to investors.

Polish e-commerce firm Allegro was also covered throughout the range on its first day, with many orders from the US.

Two IPOs have been priced ...

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