European IPO market feels like global leftovers
12/07/2021 13:10
(The author is a Reuters Breakingviews columnist. The opinions
expressed are her own.)
By Dasha Afanasieva
LONDON, July 12 (Reuters Breakingviews) - A raft of
companies like livestock firm Huvepharma and BASF had to cancel
European listings. Trendier players Soho House, Turkish retailer
Hepsiburada and Italian vaccine vial maker Stevanato have opted
for New York. Lacklustre IPO trading makes it hard to coax back
investors.
Full view will be published shortly.
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CONTEXT NEWS
- French parcel delivery company Colis Privé said on July 12
it was postponing for a few months its initial public offering
initially envisioned for early July, citing unfavourable
market conditions.
- Italy’s Stevanato Group is seeking a valuation greater
than $7 billion in its U.S. initial public offering, the maker
of glass vials for Covid-19 vaccines and other healthcare
products said on July 7.
- Livestock health company Huvepharma pulled its IPO on June
30. Chief Executive Kiril Domuschiev said that feedback to
investors made it clear that the company’s growth trajectory
would “be best supported by staying private for the time being”.
- IPO proceeds globally rose 131% in the second quarter to
$79 billion from the previous year, data from Refinitiv up to
June 18 showed.
- For previous columns by the author, Reuters customers can
click on AFANA/
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EXCLUSIVE-French delivery company Colis Privé postpones public
listing urn:newsml:reuters.com:*:nL8N2OO14D
COVID-19 vaccine vial maker Stevanato eyes $7 bln valuation in
U.S. IPO urn:newsml:reuters.com:*:nL3N2OJ38K
BREAKINGVIEWS-Soho House IPO sets high price for entry
urn:newsml:reuters.com:*:nL5N2OJ46S
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(Editing by Rob Cox, Oliver Taslic and Karen Kwok)
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