The IPO was scheduled for tomorrow, but was canceled at the last minute today. Club Brugge announced in a press release that the company is abandoning the planned IPO “due to market conditions”.
“You can’t make much of that,” says Michaël Van Droogenbroeck. But just like Anneleen Michiels, he knows that there was not enough underlying interest to make the IPO a successful. Club already saw the storm: with IPOs, large investors are usually counted on, but everything showed that they were not very interested.
“That is an embarrassment,” says Michaël Van Droogenbroeck in this video (read further below):
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