Golden Lines postpones IPO, papers say

7 Apr 2006

The planned flotation of Israel’s 012 Golden Lines on London’s Alternative Investment Market (AIM) has been postponed indefinitely, according to local newspaper Globes. The company’s shareholders decided to defer the IPO because there was not the required level of interest from foreign investors at their valuation. Golden Lines was hoping to raise around USD70 million from the IPO to fund the expansion of its broadband services.