Sunshine Oilsands awaits Canada approval before launch
Canada’s Sunshine Oilsands has delayed the launch of its IPO roadshow, which was due to start on Monday. The deal has run into delays with Canadian regulators, who are taking a careful look at the offering circular before approving its distribution to local investors, said a banker close to the deal.
The roadshow is now expected to start next week, most likely on Wednesday.
The company started pre-marketing the $500-$700m IPO last Monday but is still waiting for approval from the Canadian regulator to publish a prospectus and sell the stock into the country.
Few Hong Kong IPOs are
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