Reported 5 months ago
Jordanes ASA, a Norwegian company owning Scandinavian food and casual dining brands, decided to pull out its planned shares listing in Oslo due to challenging conditions in the European listings market. The company had expected to raise 1.5 billion kroner ($140 million) but faced oversubscription at an indicative offer price of 29 kroner a share. This cancellation adds to a series of shelved share offerings in Europe, reflecting a faltering IPO resurgence despite a recent surge in stock indexes and successful offerings from other companies.
Source: YAHOO