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Noba Bank block trade is first from 2025's IPO crop
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The dream of an all-round HSBC investment bank has ended. From now on, reality means trying to stay relevant without equities or M&A
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Evidence from the US suggests it will be hard work getting investors and sellers to agree
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Equity sales and research partnership was announced in December 2023
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Travel tech firm HBX sets price range for €750m IPO
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Share price bounces 7.5% as investors digest 13 for 20 deal
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Former investment banker will leave later this year
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