CVC-Backed FineToday Cancels Tokyo IPO on Market Conditions (1)

Japanese personal-care business FineToday Holdings Co.canceled for a second time its plans for an initial share sale to go public, citing market conditions.

The CVC Capital Partners Plc-backed company, which had planned to list its shares on the Tokyo Stock Exchange’s Standard Market on Nov. 5, announced the withdrawal in a filing on Monday. The firm had planned to set its initial public offering price on Oct. 27 after setting an indicative price of ¥1,470 ($9.75) per share. Any future decision to resume its listing process will be based on market trends, it said in a separate statement.

Investors ...