Tabacalera debacle proves sharp reminder of underwriting danger
Underwriters of the sale of stock in Spanish tobacco group Tabacalera took a Pta2.76bn ($17m) hit this week, when the shares were priced at Pta3,205, 4% below the Pta3,340 underwriting price.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: