Nordic confectioner Candyking has withdrawn plans for an IPO, citing fires at two of its suppliers.
The pick and mix manufacturer, which sells into ten European markets, said interest in the listing, announced last month, had been “strong” but the incidents at caused it to halt the IPO.
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“Interest among investors in the initial public offering of Candyking Holding AB has been strong,” Candyking said. “After that the full effects from the fires in the facilities of two of the Company’s suppliers had become known, the company chose to inform the market thereof.”
Candyking, owned by private-equity firms Accent and EQT, was looking to list in Stockholm. The company told just-food funds from the listing were to be used to boost its business in existing markets and expand into new countries.
