The Willem Dekker-led company said demand, despite beingsignificant, did not meet the targeted equity requirement.
The start-up company said in a statement that it will“consider whether the offering will be re-launched at a later date.”
News of the cancellation comes after the Oslo Axesslisting hopeful delayed the closing of its IPO book on Tuesday.
Nordcap had been hoping to collect over $200m fromthe float with the funds set to go towards acquiring 10 PSVs.
Arctic
