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Trade was oversubscribed in under 20 minutes
In highly concentrated book, top 20 investors take 90%
The relaunched IPO was cancelled after leads attempted to reduce the transaction to around €300m
Relief that the first European IPO after summer has grown in the aftermarket, though not without large concessions
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Biofarma Group launches €345m high yield bond -
Market watches first new issue since February closely
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Several sponsor-backed M&A deals have been launched
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Dealflow cannot be propped up by commodity traders forever, bankers say
