Paris deals mixed fortunes for IPOs

Medica France, a retirement home operator owned by private equity firms Bridgepoint and AlpInvest, has cancelled a flotation planned for tomorrow, becoming the latest casualty of jittery stock markets. Aéroports de France, in contrast, has fully exercised an over-allotment option.

Medica was expected to raise up to €592m ($748m) when it floated on Euronext's Paris exchange, but said in a statement to COB, France's stock exchange regulator, that it had decided not to pursue this process "in view of present market conditions".

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire