In what was to be their second attempt at listing in just over a year, KKR, Deutsche Bank and Varde Partners pulled the expected A$1 billion ($676.20 million) offering late on Tuesday, according to sources, even after finding buyers for all its shares.
SYDNEY: Private equity giant KKR & Co and its partners cancelled what was to be Australia's biggest listing of the year, lender Latitude Financial, because investors would not pay a price that reflected its value, the Latitude CEO said on Wednesday.
In what was to be their second attempt at listing in just over a year, KKR, Deutsche Bank and Varde Partners pulled the expected A$1 billion ($676.20 million) offering late on Tuesday, according to sources, even after finding buyers for all its shares.
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