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Renk Group’s IPO, which was estimated to raise between €405 (€1 = $1.05) million and €486 million, may be rescheduled at a later date. The shares involved in the IPO – a total of 27 million – were previously priced at €15 to €18 each.
The decision to defer the IPO comes as a cautious response to the current market instability. The move is seen as a strategic step taken by Renk Group and its selling shareholder, allowing them to potentially capitalize on more favorable market conditions in the future.
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