(Alliance News) - Cabot Square Alternatives PLC said Friday it has extended the timetable for its London IPO in order to accommodate "several significant institutional investors."
The investment company focused on infrastructure and property assets, announced is intention to seek admission to trading on the main market of the London Stock Exchange at the end of January.
Cabot Square Alternatives had said it was seeking to raise GBP200 million by placing of ordinary shares at GBP1 per share. It had already received commitments of around GBP40 million from three investors.
Since the announcement on January, the company has received additional firm orders from multiple other institutional investors.
"Several significant institutional investors require more time to perform their detailed due diligence and hence the timetable for the IPO will be extended to accommodate them," the company said.
By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com
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