Investec pulls asset manager IPO amid market meltdown

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Investec pulls asset manager IPO amid market meltdown

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Racegoers in the stands on Ladies Day, during the Investec Derby Festival. | John Walton/EMPICS Sport

Investec Group has cancelled the IPO of its asset management division Ninety One due to extreme market volatility, although the listing and demerger of the unit will still go ahead as planned, according to a stock exchange filing.

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