Owen Wild is Deputy Editor of International Financing Review based in London and also has global responsibility for equity capital markets coverage. Prior to 2010 he was associate editor for equities and structured equity. Owen joined IFR in 2004 as a reporter and has since worked across Equities, Structured Equity and Derivatives sections as both reporter and editor. Before joining IFR, Owen covered foreign exchange markets. Follow Owen on Twitter @IFR_Owen
- +44 (0)20 7542 8541
Deutsche Bank has sold its last shares in Instone Real Estate a little over two months after an accelerated bookbuild left the bank a 21.95% shareholder. The final slug, a chunky 8.97% of the German property developer, was disposed of on November 14, according a declaration on November 19.
Bankers and investors remain frustrated and baffled by the performance of the recent UK IPOs of Aston Martin Lagonda and Funding Circle, yet the inquest into how two apparently hot deals went so wrong has been overtaken by events as falling equity markets threaten the survival of all live IPOs.
JP Morgan has returned to the Dufry cash-settled exchangeables it issued in January by offering to repurchase all of the US$350m outstanding and print a new US$150m exchangeable into the same underlying with the same January 11 2021 maturity.