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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Spanish airport operator Aena’s privatisation IPO is covered at €49, the mid-point of the €43–€55 range, already knocking out preferred investor Ferrovial. At €49, the privatisation would raise €3.41bn, not including the greenshoe.
German cable group Tele Columbus priced its €474m Frankfurt IPO on January 22 – the earliest a fully-marketed float has priced in a new year in EMEA this century. It is also the first IPO to price globally this year, and there is good reason Europe has – on this rare occasion – come first.
As the market moved into the dog days of December last week, there were an unusually high number of ECM bankers in situ, making last-minute preparations for IPOs slated for early 2015.