Poor investor interest forced Eircom to drop IPO

Eircom was met with a muted response from a string of potential heavyweight investors in recent weeks.

Ian Kehoe - avatar

Ian Kehoe

21st September, 2014

Eircom was met with a muted response from a string of potential heavyweight investors in recent weeks, as it sought to line them up for its mooted stock market flotation.

The poor market reaction was the prime mover behind the debt-laden telco’s decision late last week to halt its €1 billion stock market return, according to several industry sources.

Several funds and institutional investors expressed their view that the telecoms operator was pricing...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago