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Pair of eagerly-awaited floats pulled amid choppy market conditions
Thursday 09 Nov 2017 Author: James Crux

Food provider Bakkavor has pulled its planned Main Market IPO.

It cited ‘current volatility’ in the new issues market which overrode ‘sufficient institutional demand’ to cover the offering from the supplier of pizzas and desserts to Tesco (TSCO), Marks & Spencer (MKS) and Waitrose.

Bakkavor was joined by communication towers operator Arqiva, which has also postponed its float, promising to ‘revisit the listing once IPO market conditions improve’.

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