Sentences with phrase «abandon its planned ipo»
The cost to GEI for the internal investigation at the time of making the guilty plea was $ 5 million, and furthermore GEI had to abandon its planned IPO.
https://www.osler.com/ Not exact matches
Aussie Farmers abandoned IPO plans in mid-to-late November after failing to generate enough interest from investors, who were no doubt spooked by the fact the company had racked up losses of more than $ 52 million pre-tax since 2015 and could only keep trading with the support of its major shareholders.
After abandoning IPO plans, Aussie Farmers appointed a global investment bank to find buyers for the business, which was launched in 2005 and delivered fresh food boxes, meal kits and packaged groceries to about 150,000 customers using a network of franchisees.