Greenbridge Postpones Swedish IPO Scheduled for June (1)

Investment firm Greenbridge SA has postponed plans for an initial public offering in Stockholm owing to the volatility roiling markets, according to its founder Ola Rollen.

“This is not a good time to list anything on the stock market,” Rollen said by phone. “The VIX Index is at the highest level since the financial crisis.”

Rollen last year told Bloomberg News that Greenbridge was working toward a listing on Nasdaq’s First North Growth Market in Stockholm. He said at the time it could happen potentially as soon as 2024.

Greenbridge’s portfolio includes stakes in Neo4J Inc. and Nstech FS ...