Barminco Defers $574M IPO

Barminco has delayed its planned initial public offering of about $574.3 million.

Barminco has delayed its planned initial public offering of about $574.3 million, Reuters reports. The company had appointed Goldman Sachs and Gresham Advisory Partners to arrange the offering.

The Australian underground mining services provider was seeking to offer between $2.10 and $2.52 per share. Barminco has postponed the IPO till after market conditions stabilize.

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