Teads, an Altice-owned company, was set to make an initial public offering this week with ambitions of raising $751 million, but a lack of investor buy-in has meant its earlier plans have been scrapped, according to sources.
The company announced its intentions to go public before July 30 earlier this month but its subsequent roadshow, a process whereby company execs and IPO underwriters pitch to potential investors, proved difficult. Teads is now delaying its earlier plans.
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