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European companies halt IPO plans on concerns over market conditions

Planisware pulls largest offering in Paris for two years as investors worry over the prospect of prolonged stagflation
Augsburg: German gearbox maker Renk suspended its float on the Frankfurt stock exchange last week

European companies are delaying plans to float on local stock exchanges, as investors’ concerns about market conditions threaten to kill off a revival of new listings.

French software group Planisware halted its plans on Wednesday to float in what would have been the largest listing in Paris for two years, with its chief executive blaming “extremely cautious” investors.

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