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Leonardo announces postponement of the DRS Initial Public Offering

Adverse market conditions did not allow an adequate valuation of it

Leonardo SpA announced that its wholly owned subsidiary, Leonardo US Holding, Inc., postponed the Initial Public Offering (“IPO”) of shares of Leonardo DRS, Inc., an indirect wholly owned subsidiary of Leonardo.Notwithstanding investor interest within the price range during the course of the roadshow, adverse market conditions did not allow an adequate valuation of DRS.The company remains a core par...

red - 1235644
Rome, Italy, 03/24/2021 09:07
AVIONEWS - World Aeronautical Press Agency

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