Relief as Synlab, Darktrace enjoy orderly aftermarket

By Aidan Gregory, Sam Kerr
30 Apr 2021

European equity capital markets sources breathed a sign of relief on Friday after Synlab, the German laboratory diagnostics company, stayed above water after it began trading on the Frankfurt Stock Exchange following its €670m IPO. Meanwhile, Darktrace avoided thefate of Deliveroo and traded up more than 40% in the aftermarket.

On Monday, Synlab’s sellers decided to shrink the size of the flotation after investors refused to budge from the bottom of the price range. Synlab ended up pricing its IPO at €18 a share, the bottom of the initial IPO range.

The IPO sellers Cinven, Ontario Teachers' Pension ...

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