Complectus puts off IPO as US presidential election stokes market volatility

Wed, 16 Nov 2016

By Paul McBeth Nov. 16 (BusinessDesk) - Complectus, which owns the Perpetual Guardian supervisory business, shelved plans for an initial public offering with volatility in already uncertain markets heightened by this month's US presidential election. The Auckland-based company had planned to list in early December raising up to $150 million in a dual-listing on the NZX and ASX but has decided to put that off until markets settle. The S&P/NZX 50 Index has fallen as much as 12 percent from a peak in early September, with the prospective pr...

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