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renk
/ rɛŋk /
adjective
- dialect.unpleasant; horrible
Example Sentences
Several European firms, including DKV Mobility, German gearbox supplier Renk and France's Planisware, have recently scrapped plans to go public citing market conditions, while automakers including Tesla have warned of slowing EV growth.
Renk in a statement on Wednesday evening cited a "clouded" market environment for its decision to pull its planned listing, which sought a valuation of up to 1.8 billion euros.
To be sure, some bankers were sceptical about whether Renk would draw a large following, given investors' preference for large, liquid stocks and the fact it operates in a niche area of the defence industry.
"We received extremely positive feedback in our numerous discussions with investors ... we will continue to concentrate fully on achieving our growth goals," Renk CEO Susanne Wiegand said in a statement Thursday.
Renk's IPO was set to follow hot on the heels of German medical glass producer Schott Pharma, which last week saw its shares rise 16% on its first day of trading.
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