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Breakingviews: Euronext’s IPO is a buyer’s leap of faith

Tuesday, June 10, 2014 - 02:01

June 10 - Euronext reckons it’s worth up to €1.8bln. With turnover declining since 2011, that’s optimistic. Anchor investors may have a vested interest in backing the float but, for others it’s a leap of faith

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So you're next reckons it's -- -- C one point eight billion euros. Breaking news things that's going to be a tough sell -- tonight guys were in the stores breaking news. And joins us now -- You might want one billion. I think it's going to be -- tough. Pitched this reasons that -- are giving such as the macroeconomic environments the regulate Sri bond dropped that on us and couldn't pull them. But the changing sort of it is the that they did in that respect as the revenues haven't seen -- impressive and I think. Probably lippold and Donald good news story and and and as you say you a story. The one point eight billion relies on this 5% revenue growth target. And unity and again. It's a really tough -- does lots of competition ions also and they kind of perhaps more than some of the contestants accounts markets. Rotten derivatives exposure in the derivatives market and equities has led the growth has been -- It's going to be tough -- -- You talk about anchor investors having a vested interests and these -- the -- and how how would the percentage of anchor investors in this but these -- that -- the big institutions the banks have been -- successors such that ABN cameras so Jens. I'm. Who he sailed really the face on the bus hit The Who what sort of -- thing would get into this. I guess people who want an exposure to just European non risky exchange business but I mean if you wanted something a little bit -- visionary. But Thompson could look to need the Ellis he buying all -- to get a footprint of the seas which might be best if it's -- and so yes this is partly why we think this is going to be a bit of a tough sell products aren't gonna -- that many things that's proper tonight. After breaking views of you wanna watch the US show atrocities and 1730 PST. IMAX Acropolis is --

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Breakingviews: Euronext’s IPO is a buyer’s leap of faith

Tuesday, June 10, 2014 - 02:01