The US and Israel's war with Iran began as equity capital markets in the Middle East were already quiet due to companies avoiding being in the market around Eid al-Fitr holidays later this month. 

German tank part supplier Vincorion launched an expected €300m–€350m Frankfurt IPO on Friday in the wake of submarine components business Gabler Group's €115.5m float in which high demand meant more than half the orders were not allocated shares.

Books were covered on the first day of bookbuilding for the US$1.1bn Nasdaq IPO of Japanese mobile payments provider PayPay, according to people with knowledge of the matter. 

Medline’s principal financial backers secured US$3.075bn in a follow-on that priced on Wednesday, less than three months after the company’s IPO and well within the 180-day lockup.