Tight allocations not enough to save Anima from fall
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 ...