Holtec Nuclear Corp. suspended its planned US initial public offering, Bloomberg reported Wednesday, citing people familiar with the matter.
The Camden, New Jersey-based firm had been set to raise as much as $900 million, offering 50 million shares for $15 to $18 each, with pricing expected Thursday, the report said, adding that the IPO was put on hold because of market conditions.
The offering was being led by JPMorgan Chase & Co., Guggenheim Securities, Goldman Sachs Group Inc., Citigroup Inc. and $Bank of America Corp(BAC-N)$, according to the report.
Holtec Nuclear did not immediately respond to a request for comment from MT Newswires.
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