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Olam Food Ingredients postpones IPO planned for 2Q this year

Felicia Tan
Felicia Tan3/24/2022 08:36 AM GMT+08  • 3 min read
Olam Food Ingredients postpones IPO planned for 2Q this year
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Olam Group's shares dropped by as much as 6.95% after the announcement that the planned separate listing of Olam Food Ingredients (OFI) on the London Stock Exchange has been postponed, given market conditions negatively hit by the war in Ukraine.

OFI's IPO was slated to take place during the 2Q2022, and besides the primary listing in London, there will also be a concurrent secondary listing in Singapore.

“We remain committed to pursuing a public listing of the business and will evaluate the appropriate timing of such a listing on an ongoing basis, taking into account prevailing market conditions,” says the company in a bourse filing on the morning of March 24.

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