Club Brugge postpone €229 million IPO due to lack of interest
25 March 2021
Trading in shares valued at between €17.50 and €22.50 was scheduled to begin on 26th March.
Club Brugge, who could not explain what new "market conditions" where at fault for the failure, could still proceed with listing at a later date.
Club Brugge have postponed an IPO that would have valued the club at €229 million just one week after its launch, citing "market conditions."
"Club Brugge announces (sic) today that it has postponed its previously announced initial public offering on Euronext Brussels in light of market conditions," the club said in a statement.
Off The Pitch understands the main reason for the postponement was a lack of interest in purchasing shares in the club.
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