US land-based shrimp farmer Tru Shrimp on Wednesday said it is postponing plans to take the company public.
On Feb. 2, the company announced the launch of its initial public offering (IPO) of 1.5 million shares of common stock for between $9 (€7.85) and $11 (€9.60) per share.
The company cited adverse market conditions for its decision to postpone the IPO but said it would continue to evaluate market conditions.
In January, Tru Shrimp filed the necessary documents with the US Securities and Exchange Commission (SEC) in preparation for an IPO on the Nasdaq Capital Market exchange under the ticker symbol BTRU.
