News Column

Liberty Living Pulls London IPO, Citing Adverse Market Conditions

June 26, 2014

Tom McIvor

LONDON (Alliance News) - Student accommodation provider Liberty Living PLC Thursday said that it has decided to pull its planned listing on the main market of the London Stock Exchange, citing adverse market conditions.

Liberty Living, which becomes the fifth company to pull a planned IPO in London in 2014, said it had got a positive response to the company and its underlying portfolio of student properties from prospective investors.

The company said the outlook for its business remains positive and it has current reservation levels of 90% for the 2014/2015 academic year.

Last week, low-cost airline Wizz Air became the fourth company to postpone or cancel a planned IPO in London in 2014, blaming volatility in the aerospace sector after the Iraq crisis pushed up fuel prices and Deutsche Lufthansa issued an unrelated profit warning. Last month, fashion retailer Fat Face Group Ltd pulled out of its UK stock market debut, citing weak conditions in the UK equity market as the main reason for backing out.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Alliance News

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters