Barcelona / ES. (eb) Following the announcement in June 2024 that the bakery group would be floated on the stock exchange, the Spanish Europastry S.A. postponed the move a few weeks later. This was due to the elections in Europe and the stock markets’ reaction to them. In the meantime, the stock market calmed down. Europastry wanted to take this as an opportunity to go public on the Spanish stock exchange with the announcement on September 26. Trading was to begin on October 10. As the bakery group announced now on October 08, it halted its initial public offering (IPO) for a second time – without further explanation. Outsiders can only speculate about the reasons. They range from a possible lack of demand for the shares to the deteriorating stock market climate in view of the upcoming U.S. elections in November.
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