Double Negative pulls plans of listing on Stock Exchange

www.thisismoney.co.uk/money/markets/article-7691145/Special-effects-firm-DNEG-shelves-600m-float-Stock-Exchange.html

DNEG said last month it was looking to raise £150m from a float on the LSE’s Main Market. This valued the firm at more than £600m.

But yesterday it said it has decided to postpone the listing due to ‘ongoing market uncertainty’.

The London-based group added that it had received ‘a strong level of interest from investors’ and still intends to go public once market conditions improve.

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