Traton postpones IPO after buyers balk at valuation

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Traton postpones IPO after buyers balk at valuation

Aidan Gregory, 
Sam Kerr
March 14, 2019 03:00 PM
Traton_PA_230x150
16 April 2018, Germany, Munich: The MAN company logo on a truck at the MAN Forum. Volkswagen (VW) is considering preparing the truck manufacturers MAN and Scania for an IPO. Photo: Sven Hoppe/dpa | Sven Hoppe/DPA/PA Images

German automobiles conglomerate Volkswagen has postponed the flotation of Traton, its trucks division, after the company could not achieve its desired valuation owing to a difficult backdrop for the automobile sector.

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Equity IPOsGermanyEquityEuropeEMEA
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Aidan Gregory
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Sam Kerr
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