European companies confront IPO risks as Renk cancels float
© Reuters. FILE PHOTO: A general view shows the German share price index DAX board during afternoon trading in Frankfurt, Germany, March 25, 2020. REUTERS/Ralph Orlowski/File PhotoFRANKFURT/LONDON - Buoyed by positive investor feedback and growing optimism around new stocks, German gearbox supplier Renk was on track to make its Frankfurt market debut in early October.
It is planning to raise around 1 billion euros from the share sale, the person added. The company did not respond to a request for comment. These experiences so far show that investors are only willing to take bets on new companies if they are deemed to be"must-own" stocks or shares are offered at a significant discount, a European fund manager said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
VinFast reports rising Q3 sales, but loss widensVinFast shares have slid well under $22 IPO price
Read more »
Venture capital slump continues in Q3Late-stage deals have not picked up despite a reopening of the IPO window.
Read more »
Anchors and small floats mark 2023's IPO comebackCompanies may be going public again, but they're still cautious.
Read more »
Tian Tu Capital shares fall after Hong Kong IPOTian Tu Capital shares opened lower on their debut in Hong Kong, failing to provide an initial pop as investor sentiment remained cautious in an uncertain...
Read more »
Former Aecom unit Shimmick files IPOSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Read more »