Outlook: Fincantieri gets out before huge rush of pre-summer issuance

By Nina Flitman
29 May 2014

With even more supply expected in the already heaving equity capital markets, bankers are having to position their deals carefully to prevent investors losing sight of them amid the wave of issuance. The IPO for Italian shipping firm Fincantieri, which was launched on Thursday, was pilot-fished to investors to prepare them for the deal as another surge of issuance approaches.

“The market has never been as open as it is now,” said one senior banker in London. “But for investors, there’s a limit to how many pieces of research they can read and how many deals they can cover. Deals can get done and they can get done ...

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