QGOG Constellation withdraws IPO, citing market conditions

3/31/2013

QGOG Constellation withdraws IPO, citing market conditions

BY KRISTIN JONES

RIO DE JANEIRO -- QGOG Constellation, which is part of Queiroz Galvao, has withdrawn its filing for an initial public offering (IPO), citing market conditions.

Shortly before trading was expected to launch in early February on the New York Stock Exchange (NYSE), the company said that it was postponing the IPO, which was expected to price at as much as $578 million.

J.P. Morgan Chase, Bank of America, Banco Itau, Credit Suisse and Banco Bradesco were lead underwriters.

Dow Jones Newswires

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