Ashmore Throws in IPO Towel

Ashmore Throws in IPO Towel

Equity

Ashmore Energy International (AEI) has pulled its IPO on the NYSE, blaming market conditions. The Houston-headquartered holding company, most of whose assets are in LatAm, was most recently scheduled to price its offer on October 28. AEI and its underwriters Goldman Sachs and Credit Suisse appear to have scrambled in vain to try and make the deal more appealing to investors. On Thursday, it refiled a prospectus with new deal terms, including scrapping all secondary share sales, thereby cutting t

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