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Vincorion is expected to continue defence IPOs later this week
Naturgy and Zurich fall in secondary market after jumbo blocks
Olivier Caseris takes over from Joëlle Assouad
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As inflation indicators across the globe begin to point to a period of sustained growth, equity investors have fretted over where to put their money instead of tech stocks, whose valuations have reached gargantuan multiples. There is a compelling argument to be made for rotating into Greece, specifically its banks, which will have to finance a new wave of economic growth.
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Sinch, the Swedish cloud-based communications services company, has raised Skr9.4bn (€926m) to fund M&A opportunities following an overnight share sale anchored by major investors.
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Europe’s IPO pipeline is set to grow this week with new deals being launched and some live deals scheduled to open books, but banks acknowledged that execution conditions were difficult, given heightened equity market turbulence.
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Danish software company Trifork is closing the books on its Dkr1.06bn (€140m) IPO on Nasdaq Copenhagen.
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Country Garden Services Holdings rode on strong institutional investor demand to raise $2bn from a combined equity placement and convertible bond issue this week.
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Frasers Logistics & Commercial Trust has raised S$335.8m ($253.05m) after pricing a placement of new units at the top of the marketed range.
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