Luxfer, a producer of high-performance materials and gas cylinders, delays its IPO due to...

|By:, SA News Editor

Luxfer, a producer of high-performance materials and gas cylinders, delays its IPO due to difficult market conditions. The U.K. firm had hoped to raise up to $185.4M in ADRs on the NYSE. Luxfer's decision follows Sanchez yesterday pricing its IPO below the expected range and Gazit-Globe (GZT) cutting the size of its offering.