Merlin Entertainments cancels mega-IPO as market remains tough

Merlin Entertainments Group, owner of event spaces that include Madame Tussauds, Alton Towers and The London Eye, has pulled the plug on a £1bn-plus stock market flotation.

Merlin Entertainments cancels mega-IPO as market remains tough
Merlin Entertainments cancels mega-IPO as market remains tough

The planned initial public offering (IPO) had been planned by Merlin owner private equity firm Blackstone for some time, but has now been delayed due to tough market conditions - troubles in Greece and other Eurozone countries have made the stock market volatile for the time being.

Indications last week were that the flotation would be announced on Monday (15 February), but insiders told Event that it has been put on the backburner.

Merlin is seen as a huge success story with a burgeoning portfolio of venues and its proposed, but not officially announced IPO was meant to kick-off a horde of similar listings.

If the market improves, the listing could yet take place before the summer.

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