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Canal+ Polska scraps Warsaw IPO plans due to volatility

Nov 10 (Reuters) - Polish pay-TV platform CANAL+ Polska said on Tuesday its shareholders had decided to cancel the company’s initial public offering (IPO) in Warsaw due to volatility on financial markets.

The company had eyed an IPO on Nov. 23 and set its maximum price at 60 zloty per share, valuing the whole offering at 1.297 billion zloty ($340 million).

U.S. television and broadband company Liberty Global and Polish broadcaster TVN Media, owned by U.S. group Discovery, planned to sell their stakes in the company.

$1 = 3.8118 zlotys Reporting by Anna Pruchnicka; Editing by Edmund Blair

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