Denis O'Brien's Digicel cancels planned flotation in New York
Denis O'Brien's Digicel has postponed its planned flotation on the New York stock market, blaming current conditions in emerging markets for the decision
Denis O'Brien's Digicel has postponed its planned flotation on the New York stock market, blaming current conditions in emerging markets for the decision.
"Despite significant support for the IPO from a high quality group of investors during the marketing period, current conditions, particularly in emerging markets, have impacted transaction momentum over recent days," the company said in a statement released last night.
The shares had been widely expected to begin trading on the New York...
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