German cable group tele columbus priced its €474m Frankfurt IPO on January 22 - the earliest a fully-marketed float has priced in a new year in EMEA this century. It is also the first IPO to price globally this year, and there is good reason Europe has - on this rare occasion - come first. The tough fourth quarter of last year saw several deals pushed into 2015, so investors are now very familiar with names such as Tele Columbus, which completed pre-marketing in both 2014 and this year, a factor that helped offset the volatility in equity markets.
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