Pursuits
Billionaire O'Brien's Digicel Cancels IPO Amid Volatility
- Company was seeking to raise as much as $2 billion Wednesday
- Digicel cites current conditions in emerging markets
This article is for subscribers only.
Digicel Group Ltd., the mobile-services company owned by Irish billionaire Denis O’Brien, canceled its initial public offering, citing recent volatility in equity markets.
The Bermuda-based company was planning to raise as much as $2 billion in an IPO scheduled to price Wednesday.