November 16, 2017 / 1:47 PM / in 3 months

BRIEF-Cabot Credit Management says will not be proceeding with its IPO on LSE

Nov 16 (Reuters) - Cabot Credit Management Ltd IPO-CAB.L

* UPDATE ON INTENTION TO FLOAT

* ‍WILL NOT BE PROCEEDING WITH AN INITIAL PUBLIC OFFERING ON LONDON STOCK EXCHANGE​

* ‍BELIEVES PROCEEDING WITH TRANSACTION WOULD NOT BE IN BEST INTEREST OF COMPANY OR ITS SHAREHOLDERS, GIVEN CURRENT IPO AND BROADER MARKET CONDITION​ Source text for Eikon: Further company coverage:

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