Leonardo Postpones IPO of U.S. Subsidiary
Wednesday, March 24, 2021 | Comments

Leonardo announced that its wholly owned subsidiary Leonardo US Holding postponed the initial public offering (IPO) of shares of Leonardo DRS, an indirect wholly owned subsidiary of Leonardo.

Notwithstanding investor interest within the price range during the course of the roadshow, adverse market conditions did not allow an adequate valuation of DRS, the company said.

DRS remains a core part of Leonardo’s business portfolio and the IPO will potentially be revisited when market conditions are more favorable and a successful IPO at an appropriate valuation for this strategic business can be achieved, the company said.

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