Viz Branz said to be postponing IPO indefinitely

Singapore

VIZ Branz is postponing its initial public offering (IPO) indefinitely because of jitters from its executive director and chief executive officer Ben Chng that the stock may not perform well after the listing.

The Business Times understands that the joint bookrunners Credit Suisse and Maybank had emailed brokerages, telling them to inform clients that "books were covered, however the controlling shareholder has decided to postpone the transaction due to after-market considerations".