Tauron’s $1.28bn listing lifts IPO spirits
Strong local demand helped Polish utility Tauron raise $1.28bn on Warsaw’s stock market this week, making it the second large-cap company to list in the country this year. The deal sends a positive signal to the European IPO market for the second half of the year. IPOs outperformed local European indices by an average of 10.6%, Deutsche Bank research shows. On Friday, EuroWeek takes a closer look at the after market performance of recent deals.
Robert Vielhaber +44 20 7779 7322
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