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Heard on the Street: Europe's selective IPO club

The picture is brighter than many believe on the European IPO scene

The entry criteria are strict, but companies can take encouragement that new members are still being accepted into the European IPO club.

Brazilian mining group Ferrous Resources decided Wednesday to pull a London listing aimed at raising some $400m (€332m). But Danish ingredient manufacturer Christian Hansen successfully raised $521m on Thursday. UK fund manager Jupiter has said it will press ahead with a June initial public offering, expected to raise £220m ($322.4m).

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