Volatile markets postpone flybe IPO
flybe announced its IPO plans have been postponed due to the uncertain financial climate in Europe (Thisismoney.co.uk, 29-Nov-2010). The board had planned a GBP200 million IPO in Nov-2010 but market volatility in the region will delay the float. The regional airline had planned to sell a 25% stake to the public. Advisers Bank of America Merrill Lynch and Investec are acting as advisors.