Esprit shows its spirit

Esprit Holdings has pulled its European IPO in the face of underwhelming investor interest.

Esprit Holdings û the Hong Kong-based global apparel company û has announced that it has postponed the IPO of its European operations û Esprit Europe. The share sale was supposed to be launched today on the Frankfurt Stock Exchange but the company decided to pull the plug at the very last minute. The questions on everyoneÆs lips is æwhyÆ

The official version is that volatility in the global markets, in particular the volatility in shares in similar apparel companies as Esprit, makes it very difficult to price the deal with any accuracy. John Poon, CFO of Esprit Holdings, said in the announcement of the postponement öWe will monitor the conditions in the...

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