Science4you cancels IPO amid market jitters, foresees slower growth
- Portugal
- 4 min read
- Jan 21, 2019
- By Gareth Gardiner Jones
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Portugal's largest toymaker will continue to focus on international markets, digital boost
Portuguese educational toymaker Science4you has scrapped its planned initial public offering (IPO) because of weak demand for its shares, as investors remained cautious amid the current global and tech equity rout.
The Lisbon-based startup is also expecting growth to slow, from 50% increases in 2016–2017. Last Wednesday, it pulled its float worth up to €15 million – or 45% of its equity comprising new shares and shares owned by its current shareholders – on the Euronext Growth market. The canceled listing followed an extension of its offer period and a new share-liquidity contract announced...
The Lisbon-based startup is also expecting growth to slow, from 50% increases in 2016–2017. Last Wednesday, it pulled its float worth up to €15 million – or 45% of its equity comprising new shares and shares owned by its current shareholders – on the Euronext Growth market. The canceled listing followed an extension of its offer period and a new share-liquidity contract announced...
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