New IPOs Do Nothing to Improve Mood in Europe, as Markets Fret Over Scottish Independence

European private equity and venture capital is still planning some big IPOs in the Fall, despite wariness that too many indebted companies have debuted already. Eurazeo is listing laundry service company Elis, and Rocket Internet is bringing itself to market with a $970 million IPO plan. The markets aren’t in party mood though. European markets were down in early trading and only partially recovered later. Markets worry at U.S. interest rate rises earlier than expected, China slowdown, global geopolitical instability and Scottish Independence. And if the Scots vote to leave, will Spain’s Catalonia follow with an independence referendum in November? Ingenico Group fears competition from Apple Pay. Emilio Botin, chairman of Spanish lender Banco Santander dies. Fiat CEO takes the wheel at Ferrari.