Sunday, May 16, 2021

News – US – Dubai logistics company Tristar says IPO plans withdrawn

DUBAI, 14 April (Reuters) – Logistics company Tristar announced on Wednesday that it had withdrawn plans for an IPO in Dubai and that the board of directors and shareholders would achieve better returns through the current growth plan under the existing shareholder structure

Reuters previously reported that the listing had been withdrawn According to sources, investor demand was insufficient (reporting by Hadeel Al Sayegh, writing by Alexander Cornwell, editing by Mark Potter)

All offers were delayed by at least 15 minutes. For a full list of exchanges and delays

Dubai, IPO, valuation, share, logistics, investor, finance

Source: https://www.reuters.com/article/tristart-ipo-announcement/dubai-logistics-firm-tristar-says-ipo-plans-withdrawn-idUSS8N2DT04O

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