{"id":113774,"date":"2021-05-07T07:51:15","date_gmt":"2021-05-07T07:51:15","guid":{"rendered":"https:\/\/fin2me.com\/?p=113774"},"modified":"2021-05-07T07:51:15","modified_gmt":"2021-05-07T07:51:15","slug":"canal-polska-warsaw-ipo-suspended-regulator","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/canal-polska-warsaw-ipo-suspended-regulator\/","title":{"rendered":"Canal+ Polska Warsaw IPO suspended – regulator"},"content":{"rendered":"
WARSAW, May 7 (Reuters) – The initial public offering (IPO) of Polish pay-TV platform Canal+ Polska has been suspended, financial market regulator KNF said on Friday.<\/p>\n
The move is the second setback in seven months for the company\u2019s plans to go public. Late last year, it scrapped a planned IPO due to market volatility.<\/p>\n
KNF declined to comment on the reasons for the latest suspension.<\/p>\n
Canal+ Polska was not immediately available to comment.<\/p>\n
In early November, Canal+ Polska had set a maximum IPO price of 60 zloty per share, valuing its planned IPO at 1.297 billion zloty ($342 million), only to call the deal off a week later.<\/p>\n
The company aimed to sell up to 49% of its existing shares, a bookrunner on the deal said in April.<\/p>\n
U.S. television and broadband company Liberty Global and Polish broadcaster TVN Media, owned by U.S. group Discovery, planned to sell their shares in Canal+ Polska. Liberty Global has a 17% shareholding and TVN holds 32%.<\/p>\n