Retail demand set to swamp Spanish IPO

Inditex, the Spanish retail group, is expected to attract overwhelming demand from retail investors despite the relatively low allocation of shares the latter are likely to get in the company's €2.4bn ($2.1bn) initial public offering (IPO).

The allocation to retail investors is 44.6% of the deal, which is seen as relatively low given the brand recognition of Zara and Mango, the women's fashion retailers which form a large part of Inditex's sales.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink