Far from subprime, emerging IPOs power on

23 Nov 2007

Bankers believe that there is still plenty of investor appetite for emerging markets equity issues, with the completion of Egyptian property developer Talaat Mostafa Group’s E£3.25bn ($588m) IPO and launches this week from airline Royal Jordanian, Kazakh oil company ZhaikMunai and Nigeria’s Diamond Bank and Bank PHB.

The confidence comes ...

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