Chris Hughes, Columnist

IPO Investors Get Kicked When They're Down

Yet another reason for money managers not to buy stock in an initial public offering.

October 15, 2018 at 12:30 PM UTC

Chris Hughes is a Bloomberg Opinion columnist covering deals. Previously, he worked for Reuters Breakingviews, the Financial Times and the Independent newspaper.

Lining up for an IPO.
Photographer: Ken James

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Investors need a reason to invest in European initial public offerings. All they are getting are reasons not to.

Medical devices firm Convatec Group Plc – one of the star debuts of 2016 – issued a massive profit warning on Monday, just as Spain's Cepsa pulled what would have been the biggest oil IPO in a decade.