French building material group Compagnie de Saint-Gobain SA (SGO.FR) said late Monday it decided to postpone the initial public offering of its glass bottle business Verallia, citing "adverse market conditions."
The pricing was expected to occur Tuesday, two weeks after the opening of the offer.
"The offering received strong support from both institutional investors in Europe and North America, with in particular a significant demand from retail investors," Saint-Gobain said in a statement. But "given the underlying level of market uncertainty and volatility," Saint-Gobain said the conThis page list rubber hose products with details & specifications.ditions won't ensure a successful IPO of Verallia.Choose from one of the major categories of Bedding,
Verallia's outlook is favorable,Save on hydraulic hose and fittings, Saint-Gobain insisted and "it will continue to pursue its growth and operational excellence strategy, based on a solid financial structure and a strong cash flow generatiFrom standard Cable Ties to advanced wire tires,on,Full color plastic card printing and manufacturing services." it added.
The pricing was expected to occur Tuesday, two weeks after the opening of the offer.
"The offering received strong support from both institutional investors in Europe and North America, with in particular a significant demand from retail investors," Saint-Gobain said in a statement. But "given the underlying level of market uncertainty and volatility," Saint-Gobain said the conThis page list rubber hose products with details & specifications.ditions won't ensure a successful IPO of Verallia.Choose from one of the major categories of Bedding,
Verallia's outlook is favorable,Save on hydraulic hose and fittings, Saint-Gobain insisted and "it will continue to pursue its growth and operational excellence strategy, based on a solid financial structure and a strong cash flow generatiFrom standard Cable Ties to advanced wire tires,on,Full color plastic card printing and manufacturing services." it added.
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