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.
Europastry’s initial public offering (IPO) was approved by Spain’s Comisión Nacional del Mercado de Valores (CNMV), valuing the company at EUR 1.57 billion.
Europastry S.A. decided to postpone its initial public offering (IPO) at the Spanish Stock Exchanges, a few weeks after announcing its plans to apply for admission of the Shares to listing on the Barcelona, Madrid, Bilbao and Valencia stock exchanges.