Latitude CEO says disappointed KKR pulled IPO due to low price

Latitude CEO says disappointed KKR pulled IPO due to low price

REUTERS/Brendan McDermid

Private equity giant KKR & Co and its partners canceled what was to be Australia’s biggest listing of the year, lender Latitude Financial, because investors would not pay a price that reflected its value, the Latitude CEO said on Wednesday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter