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Equity IPOs

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The final size of the base deal will be Sfr2bn after the IPO was priced at the top of the range
Douglas is expected to achieve a multiple of 6.1-6.3 times its 2024 Ebitda
The biggest IPO of the year so far in Europe is multiple times covered, according to sources
Risk appetite is back and more deals coming, though one bad IPO would damage confidence in the recovery
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