EQT basks in Bridgepoint IPO glory

Zovio

21/07/2021 12:25

** Shares in Swedish investment company EQT  EQTAB.ST  rise
5.5%, hitting fresh record highs, and are on track for their
best day in six months
    ** A trader points to IPO of private equity firm Bridgepoint
 BPTB.L , who last year bought EQT's credit business, that
surged 30% in London market debut on Wednesday  urn:newsml:reuters.com:*:nL8N2OX1QN
    ** Bridgepoint IPO shows rare private equity largesse,
Reuters Breakingviews columnist Neil Unmack says  urn:newsml:reuters.com:*:nL5N2OB1SL
    ** "It's a good time to float. Sweden's EQT and
Switzerland's Partners Group are up 55% and 36% respectively
this year, giving them 2022 price-earnings multiples of 42 and
33 times respectively," Unmack adds
    ** According to EQT's website, its private equity business
line includes EUR 31.3 billion in assets under management
    ** EQT is among the best performers on pan-European STOXX
600 index  .STOXX 
    

 (Reporting by Izabela Niemiec)
 ((Izabela.niemiec@tr.com))