© Reuters. FILE PHOTO: A general view shows the German share price index DAX board during afternoon trading in Frankfurt, Germany, March 25, 2020. REUTERS/Ralph Orlowski/File PhotoFRANKFURT/LONDON - Buoyed by positive investor feedback and growing optimism around new stocks, German gearbox supplier Renk was on track to make its Frankfurt market debut in early October.
It is planning to raise around 1 billion euros from the share sale, the person added. The company did not respond to a request for comment. These experiences so far show that investors are only willing to take bets on new companies if they are deemed to be"must-own" stocks or shares are offered at a significant discount, a European fund manager said.
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