Europe rewrites January IPO rule book

摘要

European ECM is set to witness its busiest January for IPO launches in six years - and possibly ever - with US$7bn of deals already in the market so far as Covid-19 continues to rewrite the rule book. For years, bankers have argued that investors do not want to look at IPOs in January, saying that they prefer to wait until full-year numbers are ready. Likened to the turning speed of an oil tanker, IPOs have in the past taken several months of preparation, leaving advisers uncertain as to the environment they will launch into, particularly at the start of the year.