Triple Flag Precious Metals on Wednesday became the latest private equity-backed venture to scrap a planned stock market launch, citing lackluster demand from investors in a year already dominated by several high-profile failures.
The Toronto-based mine financing company, backed by Elliott Management, had aimed to raise C$360-million by selling 20 million shares at C$15 to C$18 each at a valuation of up to C$2.12 billion.