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Drought: Yangtze River Development, a Chinese logistics company, withdraws $42 million US IPO

April 27, 2017
YERR

Yangtze River Development, which was constructing a port logistics facility in Wuhan, China, withdrew its plans for an initial public offering on Thursday. It originally filed in February 2016 as a min-max offering. The company most recently updated its filing in March 2017.

The New York, NY-based company was founded in 2009 and it had planned to list on the NYSE under the symbol YERR. Boustead Securities was set to be the sole bookrunner on the deal.