A measured revival for equities

After a totally barren 2003 and a hesitant 2004, Germany's primary equity market looks to be reviving. Bad memories of the dot-com crash and the generally weak equity culture mean there's no rush to market but much is expected of private-equity exits.

Lanxess IPO at the Börse: the
chemical company’s successful
debut was a pleasant surprise

THE GERMAN STOCK market has ticked over under a pall of pessimism for nearly two years, but this year initial public offerings could revive, with several companies planning to come to market. Last year more companies cancelled listing plans than the handful that actually managed to sell their stock after slashing asking prices. However, with one successful IPO already under their belts bankers are expressing cautious optimism that this year will be better.

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