Two European IPOs cancelled on market volatility



Two European companies cancelled plans to IPO on Tuesday due to unfavourable conditions, joining a growing number of firms to cancel listings this year amid disappointing debuts for many that did brave choppy markets.
The withdrawals by UK gym operator Pure Gym and German real estate company OfficeFirst are a setback for bankers who had hoped a market window was finally looming, allowing them to revive deals postponed earlier this year due to uncertainty over China's growth, the oil price and Britain's Brexit vote.
Tuesday's cancellations in London and Frankfurt respectively come just weeks... read more

 
11 October 2016 in Business, Views: 39
Source: Reuters
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