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Marley Group postpones IPO due to market volatility

By Jenny McCall

11:45, 12 October 2021

A picture of a roof worker in protective work wear — Roof worker in protective work wear - Photo: Shutterstock

British roofing company Marley Group plans to postpone its initial public offering (IPO) due to market volatility.

The Staffordshire-based company, which announced in September its intention to float, specialises in the manufacture and supply of pitched roof systems to the construction market.

IPO postponed

Marley initially said it would target a free float of at least 25% of its issued share capital, with additional details to be provided later.

However, due to market volatility, the shareholders decided to postpone the IPO as “it’s not in the best interests of the group and its stakeholders”.

Read more: UK’s Marley Group plans flotation on London Stock Exchange

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