Sanford DeLand pulls Buffettology Smaller Companies IPO after failing to meet £100m minimum
New trust ‘received a broad level of support’
The board of directors of the Buffettology Smaller Companies investment trust has decided not to proceed with the initial public offering, citing insufficient overall demand.
In a statement, Sanford DeLand Asset Management (SDL) said: "The company has received a broad level of support from a significant number of investors and has been encouraged with the response to the investment...
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