Blis Global, which did the rounds at native dinky cap fundies last week, has abandoned its IPO plans.
The programmatic marketing firm turned into once taking a peep to raise $80 million for an initial public offering in Australia, in a deal valuing it at spherical $285 million.
Final evening, Blis suggested fund managers and brokers it turned into once cancelling its IPO following contention over shareholder promote down which could well beget resulted in a smaller offer size.
The brokers suggested fund managers that whereas Blis got strong bids from each and every institutions and the dealer network, they crucial to be sure a strong secondary market.
Blis shareholders did now not enhance a contemporary reduced promote down, which ended in the IPO being cancelled.