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.
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.
Bankers are reluctant to describe IPOs as hot for fear of attracting the wrong sort of money and giving investors grounds to complain if an early covered message gives way to a shocking aftermarket, but everything about the Swiss listing of Landis+Gyr suggests the shares are this month’s “must-have”.