Etos IPO endangered - Reuters

Polish clothing retailer Etos may call off its initial public offering (IPO) at the Warsaw Stock Exchange due to low demand, three antonymous sources told Reuters. The low level of demand might be a result of  "price pressures caused by Etos' key local rival, LPP," the agency reported. IPO was set to be worth roughly PLN 156 million. Private equity fund Abris, which controls 100 percent of Etos's shares, offered up to a third of Etos' capital.