Strong appetite for AZ Chemicals IPO
Order books for the IPO of Luxembourg-based AZ Chemicals are due to close today and, according to reports, indications are that strong investor appetite has led to an increase in the scale of the offering.
The firms two backers, Carlyle Group and Vestar Capital Partners, will likely be able to offload more than double the number of shares than originally anticipated. The number of new shares offered to investors will also be increased.
A strong showing in this IPO will come as a boost to private equity houses whose larger investees have performed strongly during this difficult last couple of years.
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