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The relaunched IPO was cancelled after leads attempted to reduce the transaction to around €300m
Relief that the first European IPO after summer has grown in the aftermarket, though not without large concessions
BNP Paribas took Pirelli and Citi took Renk as shareholders exited and trimmed stakes on Tuesday night
The books will open on Friday morning for the Spanish frozen bakery’s second attempt at a listing, with new cornerstone investor for small part of the deal
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Market debates ramifications of the dominance of club deals in the long term -
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Some call €630m deal a hybrid between private debt and traditional syndication
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Proposals set out to create a more robust legislative framework
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Higher rates no longer a positive factor
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Covenant quality weaker for green bonds
