WE Soda CEO Frustrated by London Investor Approach as IPO Pulled
- Valuation gulf pushed WE Soda into pulling its IPO plans
- CAB Payments plans for offering give London market some hope
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London investors should pay more attention to company fundamentals when judging whether to put money into new offerings, WE Soda Ltd. Chief Executive Officer Alasdair Warren said, after pulling a planned listing that was set to become the City’s largest so far this year.
“IPOs are fundamental to sustaining capital markets, you know, bringing new companies and new ideas to the market,” Warren said in an interview with Bloomberg radio. Investors have “really got to question whether their current approach is the right approach, because otherwise I think a lot of companies will be turned off and go to private equity or private capital formation as an alternative.”