Altice adds value in aftermarket after astute allocations

By Nina Flitman
31 Jan 2014

A €1.305bn IPO for French cable firm Altice, the largest flotation on Euronext Amsterdam since 2006, has outperformed bankers’ expectations, in some of the most volatile markets for months.

“There has been very little effect from the market volatility,” said one banker close to the transaction. “Even when we saw weakness in the market there was no meaningful impact in the order-taking in the book. Investors continued to do the work, continued to be interested and continued ...

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