Graham Fahy is a capital markets reporter at IFR, with a focus on initial public offerings and equity capital raising. Before joining Thomson Reuters, he was an equity trader at Exane BNP Paribas.
German ECM was buzzing with talk of lithium-ion batteries last week as Voltabox set a price range for a Frankfurt listing a day ahead of Varta returning recharged and ready for a second attempt at floating.
UK property portal OnTheMarket has given up on its mutual structure after two and a half years and is planning a capital increase and an AIM listing.
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.