italian IPOS: Queue to exit

Even in «equity sceptic» Italy, the new issue market has woken up. Already, there are 24 companies reportedly planning listings this year against 15 in the whole of 2005. And the forthcoming IPOs include relatively big fish like mobile phone opera-tor Wind, energy stocks Saras and Api, and Borsa Italiana, the Milan stock exchange itself. Investors - in Italy and Europe - want to buy new issues, their appetite whetted by rising markets and the performance of recent floats. Some of the most high ...