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HomeInvestmentsKlöckner Pentaplast withdraws from $400m IPO

Klöckner Pentaplast withdraws from $400m IPO

Plastics film manufacturer Klöckner Pentaplast (kp) has cancelled its plans for an initial public offering (IPO), which the Nasdaq estimated would raise about $400 million. This was four times more than the proposed deal size of $100m when the company first filed for an IPO in 2016. In its withdrawal notice, kp claimed that reorganisation…

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