Talabat shares fall after strong IPO
The company’s lackluster performance is the latest in a series of lackluster IPOs
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The company’s lackluster performance is the latest in a series of lackluster IPOs
Plus: Mair’s shares were up 154% on their first day of trading
The IPO was priced at the top of the range
Mair Group was consolidated earlier this year, bringing together Adcoop and Makani Real Estate under its wing
The company saw strong demand from anchor investors
Plus: No word yet on Covestro takeover, which could mean an extension of the acceptance period to 16 December
The company is on track to raise up to USD 1.5 bn
The IPOs are expected to take place next year
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