Keter Group, which makes resin-based indoor and outdoor home furnishings, withdrew its plans for an initial public offering on Thursday. It originally filed in September 2021 with an estimated deal size of $400 million. The company had not updated its prospectus since February.
The Differdange, Luxembourg-based company was founded in 1948 and booked $1.6 billion in sales for the 12 months ended September 30, 2021. It had planned to list on the NYSE under the symbol KETR. Goldman Sachs, J.P. Morgan, BofA Securities, Jefferies, RBC Capital Markets, BC Partners Securities, Baird, Oppenheimer & Co., Piper Sandler, and Truist Securities were set to be the joint bookrunners on the deal.
