Georgian Railway postpones London IPO
24 May, 2012
Georgian Railway postpones London IPO

The government of Georgia has decided to postpone London initial public offering of its state railway monopoly due to the current challenging capital market conditions, Georgian Railway said on Thursday, Reuters reports.
According to Reuters, Georgia had planned to raise up to $250 million by selling as much as a quarter of Georgian Railway, as it looked to boost the company's international profile and fund its long-term development.
Citigroup and Goldman Sachs were acting as joint global coordinators and joint book runners for the sale.