Tight allocations not enough to save Anima from fall

By Andrew Griffin
16 Apr 2014

Anima Holdings tried allocating its IPO to what it hopes will be high quality, long-term investors last week, but that wasn’t enough to save it from choppy markets as it traded down 5% on its Thursday debut.

The company sold shares for €4.20 each, valuing it at €1.26bn. The book was covered around 5.4 times at the pricing point.

But the shares fell 4.8% on their first day of trading on Thursday, closing at €4.05.

The UK accounted for 40% of the book, more than ...

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