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Shipping company issues new shares as it raises stake in peer to roughly a fifth
Investors want more mid-cap deals and wider variety of sectors
Cornerstone investors commit roughly €170m as company aims to raise €300m
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The two largest European IPOs in the market look likely to achieve high pricing, as they are attracting strong demand from investors thirsty for liquid deals.
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Eltel Networks, the Swedish company that provides technical services for power, communication and transport networks, is set to price its IPO on Friday morning, having closed the book at noon London time on Thursday.
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Eltel Networks, the Swedish company that provides technical services for power, communication and transport networks, is set to price its IPO on Friday morning, having closed the book at noon London time on Thursday.
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HSS Hire Group, the UK tool hire business, regained its IPO price by the end of its first day’s trading on the London Stock Exchange on Wednesday, after pricing its £114m flotation at the bottom end of the price range a day before.
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Equity block trade activity picked up in Europe this week, though bankers still think it can get busier, as companies emerge from blackouts in the coming weeks.
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Isolux Corsán, the Spanish energy and construction firm, pulled its €600m IPO on January 29, in the first blow to what has been Europe’s strongest ECM region so far this year.
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