PEP to postpone Hoyts float - reports
PE firm Pacific Equity Partners (PEP) is set to delay the IPO of its investee, Australian cinema group Hoyts, until next year in hopes of more stable market conditions, according to local reports.
Reports add that PEP aimed to float the company as early as next month, but postponed due to lukewarm reception by potential investors. In March, AVCJ reported that a Hoyts float could fetch up to A$1...
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