Pure Gym abandons share sale amid market volatility

Pure Gym abandons share sale amid market volatility
 

The UK's biggest gym operator, Pure Gym, has abandoned a plan to sell shares on the stock exchange.
The decision comes less than a month after the company announced its stock market debut, designed to raise £190m.
Pure Gym blamed "challenging" conditions in the market for shares in newly-listed companies.
The firm said it had received "strong interest" from potential investors, but decided that listing would not be in its long-term interest.
When companies sell shares for the first time on the stock market it is known as an initial public offering (IPO).
"Given the... read more

 
11 October 2016 in Business, Views: 34
Source: BBC
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