The Helsinki Stock Exchange has been hit by its first initial public offering casualty of the year as Finvest, a firm which invests in private equity and venture capital funds, postponed its €45.6m ($42.1m) IPO on Friday.

ArosMaizels, the investment banking arm of Nordea which is the largest financial services group in the Nordic and Baltic region, was leading the offer. But ArosMaizels may not have not lost out completely on this IPO because Finvest does plan to return to the market later in the year once conditions improve.