HMS wary after Koks falls short

The bookunners of the $600m HMS Hydraulic Machines & Systems IPO tried to wrest back the momentum for their trade, due to close on Monday, after Koks on Friday postponed its listing when investors failed to put in orders to cover the total deal size.

  • 04 Feb 2011

JP Morgan, Morgan Stanley and Renaissance Capital told investors that books on HMS were more than 75% covered at 11am London time, in an effort to refocus investors after the morning’s failure of the competing Russian deal.

Syndicate bankers across the three remaining Russian IPOs due to price next ...

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