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".
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OpenAI inks licensing deal with People magazine publisher
Apple unveils new AI-focused chip in upgraded iPad Pro models
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Disney's surprise streaming entertainment profit offset by weaker TV business
Geely, Foretellix partner to jump-start self driving car development
US: Wall Street opens slightly higher on rate cut optimism