LAGUNA, PHILIPPINES -- Cal-Comp Technology's subsidiary here is pushing back its initial public offering to next year due to market conditions.

The underwriter for the planned IPO told local media that the EMS company would wait to issue stock until 2019 because of "poor market conditions."

Cal-Comp initially planned to hold the offering of up to 378 million common shares next month. Funds would go toward capacity expansion in the country.

• Prev
• Next