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German firm's IPO gets weak response so far

Published Wed, Oct 22, 2014 · 09:50 PM
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Frankfurt

GERMAN property company TLG Immobilien still has not attracted enough investors for its planned stock market listing, with two days to go before the offer deadline, several sources familiar with the transaction told Reuters.

A spike in market volatility in recent weeks has led to several European initial public offerings (IPOs) being delayed or cancelled, including those of German online classifieds group Scout24 and cable group Tele Columbus, as well as British bank Aldermore. TLG aims to list on the Frankfurt stock exchange on Friday, hoping to raise up to 507 million euros (S$816.7 million).

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