Benelux unquote" May 2013
Benelux punched above its weight in April with two private equity-backed IPOs, following on from other listings in recent weeks.
However, the public launches did not live up to expectations. Most notable was the floundering debut of Apollo's Taminco on the New York Stock Exchange. The Belgian chemical business priced its IPO of 15.8 million shares at $15 each - a significant decrease from its planned price of $18-20 - and raised $237m.
In the May edition of Benelux unquote":
*Liquidity demand supports secondary market growth
*IPO activity on the up
*Mezzanine bounces back
*And more...
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