Robert Venes is assistant editor of equities and structured equity at IFR. Robert joined IFR in late 2009 from sister title Acquisitions Monthly, where he focused on private equity transactions and fundraisings. He was previously associate editor at Private Equity International and, before that, editor of Venturedome.
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UK Prime Minister Theresa May’s decision to call a snap election stunned markets and pundits alike, but is not expected to make much of a dent in the equity pipeline. Despite coming to power in 2015 for a term of five years, the Conservative government has called for a general election on June 8.
Having failed at its first attempt to complete an IPO, Symetis hired a new syndicate of banks, switched to a different exchange and even added minimum sizing well below guidance. It worked, up to a point.
Galenica Sante has already covered its SFr1.1625bn–SFr1.4625bn (US$1.18bn–$b1.48n) IPO on the SIX Swiss Exchange, just a few hours into bookbuilding.