Stada reschedules IPO due to market volatility, sources say
FRANKFURT (Reuters) -German pharmaceuticals company Stada has postponed a planned initial public offering (IPO) in Frankfurt because of market volatility, two people familiar with the matter told Reuters on Tuesday. Bankers preparing the potential offering for Stada's shareholders Bain Capital and Cinven advised against going ahead with the listing this week, citing recent volatility related to geopolitical events, the people said. In recent weeks, key market volatility gauges have been rising on the back of geopolitics and the risk of trade wars prompted by U.S. President Donald Trump, Reuters has reported.