Friday October 23, 2020

D-Res €300m flotation now facing delay over negative sentiment

‘Impossible’ to run an IPO for a firm exposed to Irish homebuilding sector until market improves

21st October, 2018

Fears are growing that Lone Star will have to delay its €300 million plan to float a new Irish homebuilder as market turmoil deepens for Irish housing heavyweights.

Market sources said that the initial public offering of shares in D-Res, which Lone Star has been plotting for months, may now be pushed back until the new year, with February seen as the most likely flotation window.

The company has a land bank which could accommodate...

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