Adform IPO postponed

Adform this month decided to postpone the IPO and has withdrawn its application to Nasdaq Copenhagen to have its shares admitted to trading and official listing on Nasdaq Copenhagen.

Adform said it has postponed the Initial Public Offering on Nasdaq Copenhagen “due to the continued uncertainty and volatility in the financial markets and given the existing shareholders and the Company’s desire to achieve a successful IPO with an orderly aftermarket.”

Adform’s first day of trading was scheduled for Wednesday, 5 December 2018. The announcement of the decision to postpone the IPO was released one day before.

“I am honoured by the response, we have received from domestic investors, but the current volatile and uncertain market conditions do not allow us to complete the IPO and achieve a smooth transition into the public market. Our growth strategy is unchanged and we hope to be able to return to the public market at a later point in time.”

Gustav Mellentin, Adform’s CEO