Eroding market conditions have derailed the planned June 21 IPO for the Italian luxury sneaker brand on the Milan stock exchange, with the abrupt withdrawal coming one day after Bloomberg reported pricing at €9.75 per share, near the bottom end of its marketed €9.50-€10.50 range. The offering size could have hit €595.7 million, putting the company at a €1.7 billion valuation, had the full deal size of 61.1 million shares gone through. While there was reportedly enough steam behind demand, the growing market volatility across Europe sparked concern of stocks faltering ... Log in to view full article.