Czech tycoon-led Home Credit cancels $1.5b HK IPO

Czech tycoon-led Home Credit cancels $1.5b HK IPO

FILE PHOTO: The logo of Czech consumer finance company Home Credit is seen on a building in Liberec, Czech Republic October 15, 2017. REUTERS/David W Cerny/File Photo

Home Credit NV, the consumer lender owned by Czech billionaire Petr Kellner, canceled a share offering in Hong Kong, where authorities are keen to demonstrate that street protests haven’t disrupted business.

The Amsterdam-registered Home Credit said Thursday “that due to market conditions, it has decided not to proceed with a global offering” on the Hong Kong Stock Exchange. The company gave no more details.

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