Yacht maker Ferretti's cancellation caps dismal European IPO season
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FRANKFURT/LONDON (Reuters) - Italian luxury yacht maker Ferretti's cancellation of its initial public offering (IPO) has capped a dismal European season for stock market listings, with cautious optimism evaporating amid global trade tensions and Brexit angst. Ferretti said on Thursday it had decided to pull its initial stock offering because it is not satisfied with the price. It is the fourth cancellation in Europe this month, with Kazakhstan's Kaspi.kz postponing a London float earlier..