Factbox: Ukraine invasion chills IPO market – Reuters

SINGAPORE, Feb 28 (Reuters) – A selloff in global markets following Russia’s invasion of Ukraine and subsequent Western sanctions has made companies cautious about initial public offerings (IPOs), with some putting their plans on hold.

MSCI’s gauge of world stocks (.MIWD00000PUS) has fallen 10% since early February.

Below are companies that are either halting their IPO plans or closely tracking developments.

DEALS ON HOLD

SHEIN

Feb 25 – Chinese fashion retailer Shein has put its plan to list in the United States on hold due to volatile capital markets, two people with direct knowledge of the matter said. read more

GCP CO-LIVING REIT

Feb 24 – GCP Co-Living REIT has paused a London IPO expected to raise 300 million pounds, saying it would return the money to those who have already subscribed.

OTTOBOCK

Feb 18 – German artificial limb maker Ottobock is waiting until September to launch its multibillion-euro stock market listing because of choppy financial markets, four people with knowledge of the matter said. read more

DEALS STILL UNDERWAY

OLAM FOOD INGREDIENTS

Feb 28 – Commodities trader Olam International (OLAM.SI) said it still plans to complete the London IPO of its food ingredients unit in the second quarter but is also tracking market movements to see the potential impact on the timing. Sources had said the IPO could raise about 2 billion pounds ($2.67 billion). read more

GALDERMA

Feb 28 – Private equity fund EQT (EQTAB.ST), the backer of Swiss skincare Galderma, said it will continue preparations to list Galderma without giving a clear timeline. Sources had previously said the Zurich listing was planned for April.

FERRETTI

Feb 23 – Italian luxury yacht maker Ferretti is aiming to list in Hong Kong at the end of March through an IPO that could be worth between $400 million and $500 million, three people close to the matter said. The deal may yet face headwinds in volatile markets. read more

($1 = 0.7480 pounds)

Reporting by Aradhana Aravindan, Emma-Victoria Farr, Sruthi Shankar, Scott Murdoch and Elisa Anzolin; writing by Anshuman Daga; editing by Saikat Chatterjee and Jason Neely

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