A fall in Asian shares at the start of last week has ensured that the unlikely 2011 Singapore floats of Fitness First and Manchester United are now on the backburner, bankers close to both deals said. Depressed market sentiment has spread from Europe to the Asian countries – disrupting the plans of European companies that thought they had found a route to marke
Turkey can hardly be accused of moving the needle in equities in recent years, with a total of just under US$4bn from 10 issues its most successful annual tally in the past five years. That level of activity has already been matched in 2011 year to date with 10 deals, but there is still some way to go on volumes, which currently stand at just US$1.45bn.
When Danish stalwart ISS cancelled its planned IPO in March, the Nordic region was put on standby. Following a successful and consistent run of deals in 2010, at a time when the global economy was showing signs of recovery, the ISS listing was regarded as the opening show for 2011’s IPO season in Europe and an opener for the Nordic equities market.