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Canal+ Polska Warsaw IPO suspended – regulator | Reuters

The initial public offering (IPO) of Polish pay-TV platform Canal+ Polska has been suspended, financial market regulator KNF said on Friday.

The move is the second setback in seven months for the company’s plans to go public. Late last year, it scrapped a planned IPO due to market volatility.

KNF declined to comment on the reasons for the latest suspension.

Canal+ Polska was not immediately available to comment.

In early November, Canal+ Polska had set a maximum IPO price of 60 zloty per share, valuing its planned IPO at 1.297 billion zloty ($342 million), only to call the deal off a week later.

The company aimed to sell up to 49% of its existing shares, a bookrunner on the deal said in April.

U.S. television and broadband company Liberty Global and Polish broadcaster TVN Media, owned by U.S. group Discovery, planned to sell their shares in Canal+ Polska. Liberty Global has a 17% shareholding and TVN holds 32%. $1 = 3.7878 zlotys Reporting by Agnieszka Barteczko. Editing by Mark Potter

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