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Contura Withdraws IPO
Contura Energy has withdrawn the initial public offering (IPO) of its shares of common stock due to capital market conditions. The company's principal selling stockholders unanimously determined that proceeding with the offering under current market conditions would undervalue the company. Proceeding with an IPO at this time is not the best course for our company or our stockholders, said Kevin Crutchfield, chief executive officer. They will continue to analyze all strategic options and opportunities to maximize the potential of their young company.
Contura Withdraws IPO
Contura Energy has withdrawn the initial public offering (IPO) of its shares of common stock due to capital market conditions. The company's principal selling stockholders unanimously determined that proceeding with the offering under current market conditions would undervalue the company. Proceeding with an IPO at this time is not the best course for our company or our stockholders, said Kevin Crutchfield, chief executive officer. They will continue to analyze all strategic options and opportunities to maximize the potential of their young company.
Contura Withdraws IPO
2017
Article (Journal)
English
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