Investors pay up for Landis+Gyr IPO

摘要

Bankers are naturally reluctant to describe IPOs as hot for fear of attracting the wrong sort of money and creating false hope for the aftermarket - but there is no doubting the excitement around landis+Gyr's SFr2.4bn (US$2.5bn) float. A covered message just 165 minutes after the books opened on Wednesday was certainly unusual and positive, if not necessarily an indicator of quality interest.