Eurocash fears lack of investor interest and postpones its IPO

This is one of the reasons behind the decision of the management in wholesale network operator Eurocash to postpone the public sale of its stock. "We made the decision to move the IPO to next year in order to give potential investors more time to learn about our company and our offer. I am sure that they will recognize our accomplishments and our future strategy," said Luis Amaral, Eurocash president. According to analysts, Eurocash postponed its IPO because major pension funds have invested significant funds in companies which are already listed and currently have limited resources to make more purchases. However, Eurocash stock is recognized as valuable in comparison to its sector competitor Eldorado, due to the ability to sustain a positive cashflow, low operational costs and a competitive strategy. (Puls Biznesu, p. 11) A.K.