Deals
The Biggest Planned IPO in the U.K. This Year Has Been Scrapped
- Arqiva’s sale would have been biggest in U.K. this year
- Foodmaker Bakkavor sought 100 million pounds in London IPO
Photographer: Chris Ratcliffe/Bloomberg
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Arqiva Group Ltd., which owns U.K. wireless towers, and fresh-food producer Bakkavor Group Plc scrapped their planned initial public offerings in London, deterred by falling prices for some recent IPOs.
Arqiva had planned a 1.5 billion-pound ($2 billion) offering that would have been among the biggest in the U.K. this year, while Bakkavor sought to raise about 100 million pounds.