Scan Energy A/S postponed its $232 million initial public offering, becoming the second company after Hochtief AG’s concessions unit to shelve a German IPO in less than a week.
The Dybvad, Denmark-based wind- and solar-power producer couldn’t find enough buyers for its 19.7 million share offer at 8 euros ($11.80) each yesterday. Investors rejected the IPO even after Scan Energy reduced the price of its initial sale from as much as 13 euros three days earlier and extended the offer period to attract more buyers....MORE
Thursday, December 10, 2009
Posted by climateer at 8:27 AM