by professional services firm Ernst & Young, IPO proceeds fell 61% in 2022 due to market volatility after setting records in 2021. While conditions are expected to remain muted in early 2023, there is a strong pipeline for IPOs which could see activity pick up in the second half of the year, the report said.
Steinhoff, which currently has debt of €10 billion , had also raised about €1 billion through Pepco's listing on the Warsaw bourse in Poland in 2021, but the group itself may delist. The firm announced in December that it had reached a deal with its largest creditors, which could see them holding 80% of the company.Steinhoff's shares had fallen 5.
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