Fitness First shelves $500m Singapore IPO
Volatile market conditions prompted Fitness First to postpone the listing to 2012.
A Reuters report said, “UK gym operator Fitness First has postponed its planned $500 million initial public offering in Singapore, making it the latest company to shelve its listing plans due to the volatile market conditions, the Wall Street Journal reported.”
Fitness First, according to the Journal, will consider a listing again sometime next year.
View the report here.