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Market takes down convertibles, cornerstone-heavy deals, blocks
Block follows hundred-time oversubscribed IPOs
Theon founder sells block in Cypriot defence company to increase free float
Wendel received €750m of cash up front, about 86% of shares’ pre-trade value
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JP Morgan will take early lead in league table
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Doubts linger over IPO market but some hope 2025 will be the year of sell-downs
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Early ECM activity concentrated in Italy and Nordics
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Apollo to sell €316m of Lottomatica on Wednesday night
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Deals collectively returned barely more than discounts
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Sole bookrunner Morgan Stanley gets deal multiple times covered