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A handful of large new listings have emerged from South Africa, Kenya and Angola and more are set to follow
Submarine mast maker's IPO raised €132.8m
Vincorion is expected to continue defence IPOs later this week
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The UK government might seem to have little clue about where the the City of London will drum up business after the country leaves the EU in March but the City, and notably the London Stock Exchange, has always been more global than European in nature. For better or worse, it will likely come to rely on this more in the months and years to come.
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Shurgard Self Storage and Knorr-Bremse have both held up in the aftermarket so far, suggesting there is still appetite for high quality European IPOs, despite the global equity market sell-off last week which led to a number of deals being pulled.
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Neoen, the French renewable energy producer, priced the largest French IPO of 2018 on Tuesday, and the deal has traded up in the aftermarket, bringing cheer to investors after a series of pulled deals.
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Malaysia’s QSR Brands has filed for an IPO in Malaysia, years after the company mooted a relisting on the local bourse.
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Slovenia will brave volatile markets to privatise Nova Ljubljanska Banka (NLB), the country’s largest bank, before an end of year deadline set by the European Commission.
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Kazatomprom, the Kazakh company that is one of the world's largest producers of natural uranium, is seeking an IPO in London and potentially Astana, the first of a number of expected sales by the state.