london april 23 reuters  spanish fund distribution firm allfunds’ shares jumped more than 10 on their amsterdam debut in a boost to an ipo market dented by last month’s disastrous deliveroo listing allfunds is among the biggest ipos in europe this year so far along with the completed listings of deliveroo and vantage towers vodafone’s towers business friday’s listing is a big win for amsterdam which has emerged as an early beneficiary after brexit dented london’s spot as the ipo venue of choice for european companies at 0715 gmt allfunds’ stock was up 128 at 1297 euros on euronext having briefly risen above 13 euros the surge in allfunds shares came in an otherwise flat market with the paneuropean stoxx 600 index losing 01 allfunds had priced its initial public offering ipo at 1150 euros per share giving the company a valuation of about 72 billion euros 87 billion after this month announcing plans to float 25 of its shares on the dutch bourse although the european ipo market enjoyed its best quarter since 2015 in the first three months of 2021 with 1955 billion raised a disappointing debut by deliveroo in london amplified concerns around whether this momentum can last several ipos in the united states also underperformed in recent weeks while crypto trading app coinbase is down sharply from the price at which it made its direct listing in new york last week initially allfunds had set a price guidance of 105012 euros per share which would have given it a valuation of up to 7553 billion euros but it pared that down in a nod towards a more selective and cautious ipo market “we weren’t going to push pricing more than is natural and investors reacted positively to that decision” a source familiar with the transaction said “there’s not much hot money in the market at the moment though that does not mean investors are not being very engaged on assets they really like” he added funds affiliated with privateequity owner hellman  friedman singapore’s sovereign wealth fund gic and lenders credit suisse and bnp paribas are among shareholders who are selling shares as part of the allfunds ipo credit suisse bnp paribas citi and morgan stanley were global coordinators 1  08300 euros reporting by julien ponthus and abhinav ramnarayan editing by alexander smith