Spain’s Europastry canceled its stock market listing citing market volatility. The company will still evaluate going public under more favorable market circumstances at a later time, Reuters reports. “The company and the selling shareholders have decided to cancel the offer due to the international geopolitical situation, which is causing profound instability in the markets,” Europastry wrote in a filing to CNMV.

The bakery is considering lowering the size of its IPO, Bloomberg learned.

Related articles:

Europastry IPO gets green light

Photo: Pexels