Market tantrums force Goodbaby to pull IPO

sad china baby 230px
By Jonathan Breen
04 Feb 2016

Goodbaby China Holdings has pulled its HK$1.3bn ($167.0m) Hong Kong IPO, deciding to cancel on the day it was due to price. Volatile markets and a weaker than expected book meant the leads decided to play it safe.

The company — which sells products including strollers, car safety seats and cribs — decided not to proceed with the offering on Wednesday morning, according to sources close to the deal.

It officially pulled the trade in a filing with the Hong Kong Stock Exchange on Wednesday evening.

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