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Safe hands hold on as shorts chip away at Lenzing re-IPO

Bookrunners for Lenzing, the Austrian fibres company, expressed frustration at the price action in the company on Thursday following its Eu568m Vienna re-IPO, but said they were relieved about exceptionally slim trading volumes that showed the quality of distribution.

  • 17 Jun 2011

The deal had been priced at Eu92 a share on Wednesday evening from a range of Eu92-Eu108, but fell as low on Eu89.03 just after books closed before recovering to end the day at the issue price.

But then on Thursday morning, as European markets continued to fall ...

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Bond Comments

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 346,320.74 1352 8.06%
2 JPMorgan 343,378.18 1476 8.00%
3 Bank of America Merrill Lynch 309,015.90 1077 7.20%
4 Barclays 258,961.92 980 6.03%
5 Goldman Sachs 229,669.56 780 5.35%

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1 BNP Paribas 49,417.52 212 6.45%
2 JPMorgan 46,414.84 105 6.06%
3 UniCredit 41,359.69 188 5.40%
4 Credit Agricole CIB 40,926.79 205 5.34%
5 SG Corporate & Investment Banking 40,522.15 156 5.29%

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1 JPMorgan 14,734.91 64 9.29%
2 Goldman Sachs 13,469.15 66 8.49%
3 Citi 9,971.36 58 6.29%
4 Morgan Stanley 8,572.10 54 5.40%
5 UBS 8,414.70 37 5.30%