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INVESTMENT analysis and decision support software provider Brainpower announced this week that it will list on the Neuer Markt. Robertson Stephens International will be global co-ordinator and lead manager for the sale, scheduled for later this year. Although the headquarters of Brainpower are in Lugano, Switzerland, and its largest operations are in Italy, the company chose the Neuer Markt. "That is where most of the technology stocks are listing," Brainpower CFO Jennifer Wick told Euroweek. "We went straight there." Brainpower has offices in Lugano, Zurich, Paris, Milan, Madrid and London.

British Telecom's plan to raise up to $10bn through a global dollar bond issue in September was almost derailed last Friday (August 18) when Standard&Poor's (S&P) said it would downgrade the company to BBB+ if it was not satisfied BT was taking enough measures to maintain its credit quality.