'Volatile' Market Sees Wizz Air Pull IPO

Hungarian low-cost carrier Wizz Air has cancelled plans for an initial public offering (IPO) on the London Stock Exchange, blaming instability in the airline sector. The company, which launched in 2004 and has since become one of Europe’s largest budget airlines, hoped to raise €200m ($270m) by selling its stock, but in a statement released today (June 16) confirmed that it was not going ahead with the IPO “due to the current market volatility”. The IPO was announced in May this year. Barclays, JP Morgan and Chase were handling the deal, with Nomura as lead manager. 

TAGS: Europe
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