Allfunds opens books but cracks showing in Europe’s IPO market

By Sam Kerr
16 Apr 2021

Allfunds, the B2B fund distribution platform, has opened the book on its Amsterdam IPO and named several high quality cornerstone investors which are backing the deal. However, not all deals are proving to be as popular as this one and bankers say the IPO market is splitting into those firms which can and those which cannot.

Allfunds has set a range of €10.50-€12 a share, valuing the company at €6.6bn-€7.6bn.

The base deal size could be as large as €1.96bn and the IPO could grow to €2.26bn depending whether a 15% greenshoe is exercised.

Within the first hour of opening books the deal was ...

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