Amsterdam IPO dropped for company owning thousands of Czech flats

A Dutch based real estate group whose man assets are tens of thousands of flats in the eastern city of Ostrava and surroundings has cancelled its plans to launch on the Amsterdam stock exchange. Domus NV announced that its plans for an Initial Public Offering (IPO) on the exchange have been dropped due to market conditions but that they could be resurrected in the future. The company is partly owned by the BXR group, one of whose main shareholders is Czech billionaire Zdeněk Bakala.

Author: Chris Johnstone