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Barminco Defers $574M IPO

Barminco has delayed its planned initial public offering of about $574.3 million.

    Barmincohasdelayed its planned initial public offering of about $574.3 million,Reutersreports. The company had appointedGoldman SachsandGresham Advisory Partnersto arrange the offering.

    The Australian underground mining services providerwas seeking to offer between $2.10 and $2.52 per share. Barminco has postponed the IPO till after market conditions stabilize.

    Click here for the story fromReuters.

    Click here for additional coverage fromThe Australian.

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