IC Power Withdraws IPO Due to Market Conditions

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Go back to IC Power Withdraws IPO Due to Market Conditions

IC Power Ltd., a Wholly-Owned Subsidiary of Kenon Holdings Ltd., Withdraws Initial Public Offering Due to Market Conditions

February 2, 2017 6:16 PM EST

SINGAPORE, Feb. 2, 2017 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE: KEN; TASE: KEN) and its wholly-owned subsidiary IC Power Ltd. ("IC Power") are announcing that IC Power has decided to withdraw its initial public offering of its ordinary shares due to market conditions.

"In light of current market conditions, we believe that our proposed IPO is not in the best interests of our company and our shareholder at this time, and accordingly, we have decided... More