ComfortDelGro Corporation is no longer pursuing an initial public offering (IPO) for its Australian subsidiary.

ComfortDelGro had announced in August that it was considering listing its wholly-owned subsidiary, ComfortDelGro Corporation Australia (CDG Australia), on the Australian Stock Exchange subject to prevailing market conditions.

Since then, IPO conditions in Australia have become more challenging and other strategic options have presented themselves, says the company in a Nov 10 press release. 

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