Zealand withdraws IPO

Five days after issuing its prospectus, Zealand (Glostrup, Denmark) withdrew its planned IPO because it could not obtain a satisfactory price. The company had hoped to list on the Copenhagen Stock Exchange through ABN-AMRO Rothschild/Alfred Berg and Carnegie (see BioCentury Extra, Monday Nov. 28, 2005). Zealand said it has DKK230 million ($36.2 million) in cash. ...