Cerberus' GSW shies away from IPO
Cerberus Capital Management portfolio company Deutsche Wohnungsgesellschaft GSW has postponed its IPO at the last minute due to public market volatility.
Berlin-based real estate company GSW had originally planned to carry out the IPO on Friday 7th May, seeking to raise up to EUR 491m. Approximately half of the proceeds would have gone to owners Cerberus and Goldman Sachs.
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