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Skrill pulls float amid market uncertainty
Tue, 22 May, 2012
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Skrill pulls float amid market uncertainty
Wed, 13 Apr 2011, 14:56:00
Online payments group <b>Skrill</b> has added its name to the list of companies pulling its planned flotation in London due to worries about market conditions.
 
 Skrill, which operates Moneybookers, a rival to the online payment service Paypal, said last night that it "decided not to proceed with the Offer at this juncture due to adverse IPO market conditions."
 
 The announcement comes the week after pump and valve manufacturer <b>Edwards</b> pulled a float, saying it "elected not to proceed given equity market uncertainty."
 
 Last month, Danish facilities and services provider <b>ISS</b> postponed its proposed £1.5bn Initial Public Offering (IPO) due to turmoil in the markets following Japan's devastating earthquake. 
 
 The fashion chain <b>New Look's</b> chairman was reported earlier in March as saying that difficult trading meant it is unlikely to float this year.
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