Home News Russia-Ukraine crisis

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
Photo: Olam
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now