The IPO (Initial Public Offering) market has been taking a hit at the trading centers all over the world and this has led to the postponement of some IPOs which could just save the markets from its recent shambles.

Kazakh financial group KSPI.KZ stated on Monday that it was postponing a London listing due to market conditions, reviving concerns about initial public offerings (IPOs) in Europe which have become a concern. Kaspi Bank, the third-largest bank in Kazakhstan which controls the group, where it is a leader in payment systems and e-commerce, stated that in September it planned to sell existing shares in the form of global depository receipts (GDRs). But the group stated on Monday 7th October 2019 it was postponing the listing because of “unfavorable and uncertain market conditions and planning something different, particularly in the technology sector. Mikheil Lomtadze, chairman of’s management board, said in a statement that the timing is not the best at the current moment for an IPO. A source quite familiar with the matter the pulling of the IPO in serviced-office operator WeWork was also observed and backed by technology investor Softbank, not setting an encouraging backdrop.

It has been a tough year for IPOs globally, and in Europe in particular where volumes are at their lowest in seven years has left the European finances in shambles, despite a recent rise in activity with offerings in Germany’s TeamViewer, Sweden’s EQT and France’s Varallia which are some good IPOs. It will be interesting to see how the firms tackle the markets with the United States and China trade war and also in the fear of a new Europe and United States trade war.