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.
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...
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