Leonardo announces that the US subsidiary Leonardo US Holding has decided to postpone the IPO of Leonardo shares Drsindirectly controlled by the Italian group.
“Despite the interest of investors during the roadshow – reads a note – within the defined price range, adverse market conditions did not allow for an adequate evaluation of Drs”.
DRS "continues to be a fundamental part of Leonardo's business portfolio - continues the note - and an IPO will be re-evaluated when market conditions are favorable and a successful IPO can be achieved with an appropriate valuation of this strategic business . Leonardo continues to fully believe in the prospects of Drs and to support its development within the group”.
