IPO

ON EMERGING MARKETS

Spanish banking giant Santander is planning to list its UK operations on the London Stock Exchange as soon as this autumn in a deal worth an estimated £3bn.

Online grocer Ocado has been forced to cut its IPO price range after failing to place shares at the bottom of its 200p to 275p original offer price.

Gravis Capital Partners, which is set to create UK's first listed debt infrastructure fund, says it is likely to complete a successful IPO.

BlackRock's Sam Vecht is bullish about the long-term prospects for Russia, arguing there is more to the country's economy than oil.

Jupiter's IPO has been more than 2.5 times oversubscribed after a strong take-up from both institutional and retail investors.

Developing markets are now the world's safe harbours and have tackled fiscal challenges in a way Washington "can only dream about", according to Franklin Templeton.

Jupiter's six most senior fund managers are set to hold a stake worth £140m as the group set the price range of its IPO at 150p and 210p per share last week.

Metric Property Investments, the retail property group led by three former British Land executives, raised £175m in its IPO, £25m more than initially targeted.

Small-cap IPOs have been very competitively valued according to the Ignis Smaller Companies fund manager