Word: belgacom
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...INDICATORS Strong Signals Belgian phone company Belgacom sold €3.3 billion worth of shares in the largest IPO in the country's history, and the biggest in Europe for three years...
...year of the IPO comeback. European IPOs fetched a meager €5.6 billion in 2003, well below the height of 398 billion in 2000, according to Dealogic, which tracks transactions. Bankers say European IPOs this year could easily total €30 billion. The biggest deals expected: Belgacom, worth some €4 billion, and the €2.5 billion listing of Deutsche Post's Postbank. What's driving the resurgence? For starters, stock markets are posting gains again. Companies have put years of restructuring behind them and are profitable...
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