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Leonardo announces postponement of the DRS Initial Public Offering
Adverse market conditions did not allow an adequate valuation of it
Leonardo SpA announced that its wholly owned subsidiary, Leonardo US Holding, Inc., postponed the Initial Public Offering (“IPO”) of shares of Leonardo DRS, Inc., an indirect wholly owned subsidiary of Leonardo.Notwithstanding investor interest within the price range during the course of the roadshow, adverse market conditions did not allow an adequate valuation of DRS.The company remains a core par...
AVIONEWS - World Aeronautical Press Agency