You Inc postpones IPO, cites coronavirus outbreak

You Inc postpones IPO, cites coronavirus outbreak

IPO Equity Capital Markets Brazil Latin America Coronavirus

Brazilian homebuilder You Inc said on Thursday it has postponed its planned IPO due to unfavorable market conditions resulting from the coronavirus outbreak. You Inc requested a temporary interruption in the analysis period of its primary and secondary offering of common shares, the company said in a securities filing. "The interruption request arises from the severe global impacts caused by the market conditions due to the COVID-19 pandemic. Such a decision is necessary for the offer to take p

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial