Elis delays IPO till markets strengthen

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

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Elis delays IPO till markets strengthen

worried traders
Stock traders checks out a graph showing activity of US interest rates over one year in a business bank, in Paris, Monday, Dec. 12, 2011. Enthusiasm for riskier assets such as stocks and the euro faded Monday as investors worried that Europe's new pact aimed at fixing the continent's debt crisis would be insufficient. (AP Photo/Michel Euler) | Michel Euler/AP/Press Association Images

French professional clothing firm Elis has put its planned initial public offering on hold, joining the growing ranks of European businesses delaying equity deals as a result of weak markets.

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