Pain for Novares as volatility sinks its IPO

Aidan Gregory

February 14, 2018 04:00 PM

Paris_Stock_Exchange_PA_230x150 — A view of the Palais Brongniart, the historical Paris Stock Exchange headquarters on Place de la Bourse square in Paris, France on August 10, 2011. The Paris Stock Exchange is now known as the NYSE Euronext (NYX) with the merger of equals between the leading U.S. and pan-European securities trading exchanges, the holding company of the New York Stock Exchange and Euronext N.V., the Paris-based first European integrated stock exchange that was formed in September 2000 by the merger of the Paris, Brussels, and Amsterdam exchanges. Photo by Alain Apaydin/ABACAPRESS.COM | Apaydin Alain/ABACA/PA Images

French car parts maker Novares has pulled its €260m IPO on Euronext Paris as global equity market volatility meant that the deal could not be achieved at a level which was in "the best interests" of the company.

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Topics

Equity IPOs Natixis Equity Europe France EMEA HSBC Société Générale

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Aidan Gregory