Isovoltaic Cancels IPO

Businessn.a. ♦ Published: April 16, 2011; 08:10 ♦ (Vindobona)

The Austrian solar technology company, which should have realized the IPO this week, intends to put effort into its growth without a stock market listing.

Isovoltaic Cancels IPO / Picture: ©

The component supplier in the field of solar technology, Isovoltaic, cancelled plans for an initial public offering at the Vienna Stock Exchange. Before, Isovoltaic aimed to sell up to 18 million shares including an overallotment option of 2.3 million shares but called off plans due to 'the most recent developments on the European IPO markets,' the company said in a statement. Credit…