Briefing
markets

WeTransfer Scraps IPO Amid Market Volatility

By
Mark Di Stefano
· · Source: The Information

Dutch file-sharing service WeTransfer has abruptly canceled its IPO in Amsterdam, with its chief executive officer citing turbulent public markets for the decision. WeTransfer had planned to go public this week, seeking a valuation of up to $810 million, before announcing on Thursday the IPO would not go ahead. In a statement, WeTransfer’s CEO blamed “volatile market conditions” for ditching...

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