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.
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....