European companies are delaying plans to float on local stock exchanges, as investors’ concerns about market conditions threaten to kill off a revival of new listings.
French software group Planisware halted its plans on Wednesday to float in what would have been the largest listing in Paris for two years, with its chief executive blaming “extremely cautious” investors.
That marks the latest market debut in Europe to be pulled, after German military contractor Renk dropped plans for listing last week. Another German company, toll payments provider DKV Mobility, is also putting off a planned listing to 2024, according to a person familiar with the matter.
Read the full story on the Financial Times here.