HOMEGROWN technology provider AudioWav Media Inc. is delaying its initial public offering (IPO) until the second quarter of 2020 because of poor market sentiment fueled by the coronavirus disease 2019 (Covid-19) outbreak.
In an interview with The Manila Times, AudioWav President and Chief Executive Officer Carlos Hinolan lamented that the outbreak — now categorized by the World Health Organization as a pandemic — negatively affected sentiment toward equity markets, with investors staying on the sidelines for now.
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