Porter Aviation Postpones IPO
Toronto-based Porter Aviation Holdings announced this week that it has decided not to proceed with a proposed $120 million IPO due to unfavorable market co

Toronto-based Porter Aviation Holdings announced this week that it has decided not to proceed with a proposed $120 million IPO due to unfavorable market conditions caused by volatility in the equity markets. 

“Given current market conditions, we believe it is prudent to defer the offering at this time,” said Robert Deluce, president and chief executive officer of Porter Aviation. “Our company is well-positioned to wait until the equity markets stabilize before deciding whether to proceed with a new public offering.”