Italo shareholders pushed management to dump IPO for higher PE offer
![PA_Luca_Italo230x150](https://assets.euromoneydigital.com/dims4/default/60e2ae0/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F97%2F3e%2F4caab8df2c1faf018423d131b347%2Fpa-lucapensive.jpg)
Italian high speed train operator Italo pulled its IPO on Wednesday night, the day before the syndicate was due to release a price range, of €1.5bn to €1.6bn, in order to take a €1.98bn offer from New-York based private equity firm Global Infrastructure Partners.
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