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European stocks have outperformed but IPOs have lagged
Emlak Konut raised €452m in oversubscribed domestic offering
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Mid-caps in the Gulf approach listings; LuLu in the UAE expected to be next big deal -
Leads had clear sight of demand before launch and top 20 accounts took most of the deal
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The relaunched IPO was cancelled after leads attempted to reduce the transaction to around €300m
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Omani oil and gas company listing set to break records
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Polish pension fund money is expected to form majority of demand, with books many times covered at top of range
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Delistings in the renewables sector and a ‘debt-driven’ company are on market participant’s minds
