The Indian film producer and distributor, Eros International, has opted to delay its listing in the US, sending its stock price sharply downward.
The firm blames equity market conditions for its decision.
Eros had hoped to de-list from AIM simultaneously to listing on Wall Street but now says, for the time being, it will stay on the London Stock Exchange.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The market was not impressed, by 10:22 the stock had lost 12.4%.
BS
-
House prices rise 2.9% – will the recovery continue?House prices grew by 2.9% on an annual basis in September. Will Budget policies and ‘higher-for-longer’ rates dent the recovery?
-
Nvidia earnings: what to expectNvidia announces earnings after market close on 20 November. What should investors expect from the semiconductor giant?
