Europe’s IPO Revival Sputters as Buyout Firms Get Cold Feet
- Clothing retailer Tendam said to postpone Madrid listing
- Follows Permira-backed Golden Goose shelving its offering
A trading floor bell at the Euronext stock exchange in Paris.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
A rebound in Europe’s initial public offerings market is faltering as private equity firms are getting increasingly nervous about taking companies public.
Permira-backed Golden Goose Group SpA shelved its Milan IPO this week, while clothing retailer Tendam has also decided to postpone plans to list this summer in Madrid, according to people familiar with the matter. Tendam, backed by CVC Capital Partners Plc and PAI Partners, made the decision because of stock-market weakness, said the people, asking not to be identified discussing confidential information.