EUROPEAN stock exchanges are scrambling for the next big initial public offering (IPO) payday, with Stockholm, Amsterdam, Zurich and London locked in a fierce battle to attract heavyweight listings. Amid a continent-wide drought in equity offerings, each bourse is working overtime to entice companies to go public on its platform.
The contest is fierce: Stockholm recently secured the listing of Verisure, the 20bil (US$22.8bil) security firm owned by Hellman & Friedman, after a tussle that saw Amsterdam, London and Zurich all pitch for the prize, Bloomberg reports, citing people familiar with the matter.
Subscribe to The Star Yearly Premium Plan for 30% off
Cancel anytime. Ad-free. Full access to Web and App.
Monthly Plan
RM 13.90/month
RM 9.73/month
Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.
Annual Plan
RM 12.39/month
RM 8.63/month
Billed as RM 103.60 for the 1st year, RM 148 thereafter.
