Oct. 9 - Europe's IPO wobble is about more than volatility, says Reuters Breakingviews.
I -- isn't seen as they moved from a test for the primary market say with recent -- -- ounces the US and does surprises some IP is have had a shaky start joining me now is Clinton went from breaking -- -- but it's been -- about -- as well today because. The Davies who opens and Honda have gone. After eight. This -- down into volatility and how much is it down into Europe's faltering economy. Well that the -- this morning is actually that one big guy here in France being cold so it's more than a shaky start for these guys that quilts that you. -- -- and managing services or engineering company they were looking to raise one point two billion euros name and I said because before -- -- particularly volatile market conditions. They just gonna give up trying to pace funds from you shareholders. Man a couple of small deals and -- labels have fallen by the wayside one called Metallica. On line and that's another deal for -- expense cost which is a makeup. Company which is a system of having a bit of a difficult time. -- -- -- -- -- That has been at this sort of called mastering -- these two huge German Internet deals which in retrospect look paid the price that. Struggling quite a long way colonial comprise one a schools and so on that and others raucous. But then as you say -- so this wider backdrop which is. The -- resign as a whole is sort of -- Bit of a bad way and if you law. Try to sell shares in the company like an engineering company that is did the economic cycle the fact that for example the IMF slashed its full cost. You -- saying grace this week. -- be very helpful. So does this mean that -- an -- appeared to -- hasta Russians because we had a pretty good some -- it was quite optimistic for ideas. Dishonest he's a quiet period that we did have a good first half. Pure volumes in your consensus that -- a man race up. Something extraordinary almost 250%. Of the total loss here and same pairs. And people went ten to 20148. Get to invest money in new deals and actually missed the -- of cash. To invest but as the years Warner home more that money has already being invested and so they've become. More discriminating and along with that hits the recent deals the calm while that being a few deals and gone badly and so people have been. A little bit more quarters house they scrutinize new office so what is isn't even for the company's thinking about coming to market what they've been hearing from. People you've been speaking to as to why this case well I mean it's always a question of price you know this probably price at which makes things can get done. And it's also always a question about the individual strengths and weaknesses of companies -- you say you. Jimmy -- in the market amendment trying to raise roughly a billion dollars and that's you know I kind of sexy fashion story it's back. Grace in China Saddam may well sales through a -- but in other cases city paper a bit further back along the track they haven't. -- the -- not candidate makes costing. Is now the time which we hold off until things are a bit more friendly and the European economies within the past. Yeah and maybe you know as I say in the -- people of blaming volatility. They always blame volatility astounded -- explanation for why you talk to -- there is some -- it's -- the whole story as we've discussed but. Volatility house. Go up markedly in the last few weeks. Thank you very much Clinton -- that from breaking -- talking about the health and the states of the IPO market here and yet I'm inching along and this is voices.