Cordiant Global Agricultural Income pauses $300m IPO due to 'market backdrop and world events'

Seek to IPO at later date

Cordiant Global Agricultural Income has paused its IPO process in response to challenging market conditions.

In a statement, the firm said it would put the process on hold given the "current market backdrop and world events, which are presenting challenges for many investors across existing portfolios and beyond". The company added that it had received "significant commitments from high quality institutions" and would still seek to IPO at a later date. Cordiant Global Agricultural Income trust seeks $300m IPO All subscriptions received via the intermediaries offer and offer for subscription will be returned to investors and the current prospectus will remain valid. Any new timetable would...