subject: You Have To Wait For The Price To See [print this page] Firstly, they will have to contend with a market that has not smiled on new share issues in recent months,zentai as demonstrated by the last-minute cancellation of a 682 million pound ($992.5 million) IPO by UK pubs group Punch Taverns late on Wednesday.
Secondly, a July launch would put Zentai unitardhead-to-head with a float of up to 25 percent of British fashion group Burberry. Owners Great Universal Stores Plc say plans are on course for a June IPO that could value the up-market brand at up to 1.8 billion pounds.
Inevitably, the success of a Zentai unitardfloat will depend on the pricing, said Patrizio Pazzaglia, costume zentai fund manager at Insinger di Beaufort in Rome.
"Clearly Zentai unitardis an attractive brand but above all you have to wait for the price to see if the deal is appetising. One of the things about Zentai unitardis its debt... Using the (IPO proceeds) only to cut debt wouldn't create any value."
Zentai unitardlong-awaited listing was called off twice last year as the luxury goods market was first sapped by economic slowdown and then pounded by the September 11 attacks on the United States, leading to some speculation it would not float at all.
In December, the group issued 700 million euros ($639.3 million) in bonds convertible into spider man costume Zentai unitardshares within three-and-a-half years to help refinance debt. That deal, structured by Deutsche Bank, helped the German investment bank wrest the IPO mandate from CSFB.
