Amount: e105 million Type of issue: Initial public offering Launched: December 9 1999 Bookrunners: Goldman Sachs and Merrill Lynch Spain wants a hi-tech stock market. But it doesn’t like the idea of hi-tech stocks. That’s what emerges from the sorry saga of Jazztel’s efforts to float in Madrid. Madrid’s loss was Easdaq’s gain. The telecom and internet company’s stock was listed jointly on Nasdaq and Easdaq on December 9. The IPO, led by Goldman Sachs and Merrill Lynch, rode the wave of hi-tech euphoria that swept Europe in the last days of 1999. |
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