Denis falls to earth: The float that sank

Having marched Digicel up to the top of the IPO hill, Denis O’Brien abruptly marched it back down again. But why?

11th October, 2015
Denis O’Brien: pulling the Digicel flotation at the last minute was a bitter blow to the businessman and the company

Denis O’Brien swept into the studios of CNBC last Wednesday morning. The tycoon was there to explain why, just hours earlier, he had unexpectedly cancelled the flotation of his Digicel mobile phone empire.

The interview caught many on the hop – including, it seems, the people at the financial news channel. The New York Times business journalist Stephanie Strom, who happened to be in the building at the same time, tweeted: “receptionist clearly...

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