April 30, 2021
Online retailer Privalia and fertilizer company Vittia Fertilizantes e Biológicos said they have cancelled their planned initial public offerings (IPOs) in Brazil, making it 30 companies that have called off their market debuts this year.
The two companies cited "current market conditions" for their decisions and they did not say if they would make later attempts at listing shares on the B3 stock exchange in São Paulo.
Vittia filed for an IPO in November last year with Morgan Stanley, XP Investi
Cara Caledonia and Kora Saúde also postpone pricing their planned market debuts due to market conditions