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Float market undeterred in shadow of Greek crisis

Three European IPOs have been derailed this week in light of the Greek situation but many others have not

Float market undeterred in shadow of Greek crisis

Three European flotations have been put on ice this week because of concerns over the situation in Greece, but senior bankers say that should not be seen as indicative of a wider slowdown, with eight other companies boldly pressing ahead with their listing plans.

While German fashion group CBR, German residential property firm ADO Properties and Italian real estate company Domus Italia have halted their plans for initial public offerings due to market conditions - with Munich-based Chorus Clean Energy also extending its offer period for shares - eight IPO hopefuls have pressed on despite the deepening crisis engulfing Greece, according to data provider Dealogic.

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