Luxfer gets cold feet in New York

Luxfer, the UK materials technology company, on Wednesday postponed its $190m New York initial public offering, blaming volatile market conditions. The deal was launched last Friday, seeking to place 10.75m American depository shares at $13-$15.

  • 15 Dec 2011

“We will consider recommencing the IPO when market conditions are more stable,” said chief executive Brian Purves.

Jefferies and Credit Suisse are joint bookrunners, and KeyBanc Capital Markets and Dahlman Rose & Co are co-managers.

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