‘Geopolitical tensions’: Fred Olsen Windcarrier puts $169m IPO on ice

Norway’s Fred Olsen Windcarrier (FOWIC) has binned its €150m ($169m) initial public offering (IPO) for now due to simmering geopolitical tensions.

The owner of three wind turbine installation vessels (WTIVs) said late on Monday night that it was putting the process to list on the Oslo Stock Exchange on hold.

A statement read: “During the book building, the market conditions for IPOs have been severely impacted, not at least by geopolitical tensions.”