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Bankers predict flurry of Neuer Markt IPOs

Bankers are predicting a short flurry of Neuer Markt new issues ahead of the traditional summer break, as two companies said on Monday they were preparing to venture on to Frankfurt's market for high-growth stocks.

The head of equity capital markets at one bank active on the Neuer Markt said: &quotPeople will want to get their deals done before the summer lull. Given the time it takes to put together an IPO, people will have to decide pretty soon if they are going to come to the market.&quot

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