Skrill is calling off its £160 million initial public offering (IPO), Financial Times reports. The U.K. online payments group is withdrawing its plans as it did not draw enough demand for its offering. Private equity group, Investcorp Technology Partners, was set to be among those selling shares in the offering along with the company’s management, adds Reuters. Jefferies, Morgan Stanley and Bank of America Merrill Lynch were running the offer.

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