Goldman Sachs and EQT, the private equity owners of Copenhagen-based global cleaning services firm ISS, dealt a hammer blow to Europe’s IPO market on Thursday evening with a last-minute decision to postpone a Dkr13.3bn ($2.5bn) new listing which took even some of the syndicate members by surprise.
The postponement blamed on market volatility will have repercussions for other issuers as it came at the end of a day in which stocks in Europe had rebounded 2.4%, and with US markets up around 1.4%, following sharp falls earlier in the week prompted by the
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