Hearing-care services provider Hear.com N.V. has postponed its initial public offering due to the choppy stock market, according to people familiar with the matter, the latest company to delay its IPO.
Hear.com was set to price its offering Thursday afternoon and start trading Friday morning. Its timeline is now in flux, the people said. On Wednesday, private mortgage-insurance company Enact Holdings Inc. decided to delay its IPO. The company said Thursday that recent market volatility meant that “current market pricing for the planned offering does not accurately reflect Enact’s value.”
Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8