Germany
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Renk pulling its IPO at the last minute reflects how difficult the market still is to navigate -
The company had guided investors to the bottom of the initial price range
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Sentiment in equity markets has plummeted over the past fortnight
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Books are covered throughout the revised range of the military supplier's IPO
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Mixed week for issuer after great result in Swiss franc debut
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Schott Pharma delivered a welcome pop in the aftermarket, gaining more than 11%
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Wienerberger makes SLB debut for €350m
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The €813m deal is multiple times covered
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◆ Both deals are expected to price as early as Tuesday ◆ Unlikely to compete for demand due to differing ratings and buyer bases ◆ NBG will print the first Greek bond after Moody’s rating upgrades
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Italy government bond yields shot up on concerns of widening fiscal gap
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Renk's IPO on the Frankfurt Stock Exchange tests appetite for the defence sector
