Europe’s lacklustre market for IPOs is showing little signs of improvement as the African Export-Import Bank (Afreximbank), the African trade finance group, pulled its $250m IPO on the London Stock Exchange, blaming “unfavourable market conditions”.
The bank was due to set a range on its IPO this week, which would have seen it list global depositary receipts in London. Afreximbank already has a listing in Mauritius.“Despite significant interest in the bank from investors, in light of unfavourable market conditions, it has …
