Debenhams IPO prices low but private funds are happy

04 May 2006

The much-heralded IPO of Debenhams, the UK department store chain that is returning to the stockmarket after two years in private equity hands, was completed on Wednesday with a two times oversubscription, but was priced at the bottom of the range.

Citigroup, Credit Suisse, Merrill Lynch and Morgan Stanley ...

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