Australia's Stirling childcare company cancels $180 mln IPO

Mon, 17 Mar - 10:35am

SYDNEY, March 17 (Reuters) - Australian childcare centre owner Stirling Early Education Ltd has canceled plans for a A$200 million ($180 million) public float after it failed to attract investors.

The company said on Monday that it was considering its options.

The decision to shelve one of the first floats of the year comes as several Australian private equity firms have said they will look to IPO markets to exit investments. ($1 = 1.1064 Australian Dollars)

(Reporting By Byron Kaye; Editing by Richard Pullin)

((byron.kaye@thomsonreuters.com)(+612 9373 1815))

Keywords: AUSTRALIA STIRLING/

URN: 
urn:newsml:reuters.com:20140317:nS9N0M100C:3
Topics: 
ISU INVM CMPNY INDS MEVN FINE1 RTRS BUS IPO IND AU STX FINS CMSS FUND BSUP PVE ASIA BISV LEN INVS BACT LIST1 MAC ISER

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