No recovery for tech IPOs this year, says WestLB

French software firm named worst performing IPO

The tough market conditions for initial public offerings of technology companies in western Europe are set to continue for the rest of this year, according to new research from WestLB Panmure, the German investment bank.

&quotInvestors will shy away from risky, illiquid new issues with hardly any financial history,&quot said the report called Status of European Public Equity Financing Markets for Technology Growth Companies.

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