Sustainable Farmland trust IPO halted due to UK market volatility

'Market volatility and uncertainty'

Eve Maddock-Jones
clock • 1 min read

The Sustainable Farmland trust has paused its initial public offering plans due to the "current high levels of market volatility and uncertainty".

Just under a month ago (12 September) the management announced that it would be launching the Article 8 trust following a £200m fundraising. In a statement posted on the London Stock Exchange today (10 October) the management team said that since it had made the announcement, it had been "greatly encouraged" by the "significant level of support" from investors, but "market conditions have deteriorated and are volatile, presenting significant challenges for many institutional investors". Deutsche Bank: UK economy will not return to pre-pandemic levels until 2024 As a result, the tru...

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