Market divided as to favourability of current conditions for IPOs

Stock market

Market players credited with an interest in launching initial public offerings inside the next two years have been warned against attempting to float amid unfavourable conditions, where value is at rock bottom.

That is the stark view of Cooper Gay Swett & Crawford chief executive Toby Esser, who has denounced the state of the UK and US IPO markets, and expects others to follow in his firm's footsteps in

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