Cepsa pulls IPO due to sell-off

Sam Kerr

October 15, 2018 12:30 pm

trader_unhappy_october_2018_pa_230x150 — (181011) -- NEW YORK, Oct. 11, 2018 (Xinhua) -- A trader reacts at the New York Stock Exchange in New York, the United States, on Oct. 11, 2018. U.S. stocks extended deep losses in volatile trading on Thursday. The Dow Jones Industrial Average fell 545.91 points, or 2.13 percent, to 25,052.83. The S&P 500 was down 57.31 points, or 2.06 percent, to 2,728.37. The Nasdaq Composite Index was down 92.99 points, or 1.25 percent, to 7,329.06. (Xinhua/Wang Ying) | Wang Ying/Xinhua News Agency/PA Images

The IPO of Cepsa, the Spanish oil firm, has been postponed due to the adverse conditions that continue to blight global equity markets. It is the latest in a series of new listings sunk by the recent market volatility.

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Sam Kerr