MAYNILAD Water Services Inc. has decided to delay its stock market debut, citing interest from possible 'strategic cornerstone investors' who have yet to decide on whether to buy into the firm's initial public offering (IPO).
MAYNILAD Water Services Inc. has decided to delay its stock market debut, citing interest from possible 'strategic cornerstone investors' who have yet to decide on whether to buy into the firm's initial public offering . Analysts said the firm was likely looking to shore up demand and was also seeking to avoid market volatility amid rising tensions in the Middle East.
equity research analyst Jarrod Tin said 'Maynilad's decision to postpone its IPO to October is understandable given the recent shift in market sentiment following the US strike on Iran.' 'Delaying the offering allows time for geopolitical tensions to ease and for investor confidence to recover — both of which are critical to the success of a major listing,' he added.
Pushes Back IPO To No Later Than End-October
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