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Article: Goldman to plug IPO gap with follow-ons.
- Article from:
- Financial News
- Article date:
- July 2, 2001
CopyrightCOPYRIGHT 2001 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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If the equity offering for Infineon Technologies, the German semiconductor company, raises anywhere near its maximum of E1.7bn ($1.4bn), it could propel Goldman Sachs to the top of the table for follow-on offerings in Europe.
Being sole bookrunner on the deal, which started pre-marketing last week, is a fillip for the bank in a tough year. While it has been strong in the follow-on market, Goldman has not shown its usual strength in the initial public offering (IPO) market.
Last Tuesday Goldman and Dresdner Kleinwort Wasserstein (DrKW) completed a E150m offering for tobacco goods producer Gallaher, bringing the total volume of European secondary offerings ...