Bank pulls out of net flotation

- The flotation of the online group buying portal Letsbuyit.com is hanging in the balance once again as one of the four banks handling the issue has pulled out.

- The flotation of the online group buying portal Letsbuyit.com is hanging in the balance once again as one of the four banks handling the issue has pulled out.

Cologne-based Sal Oppenheim gave no explanation for its retreat from the issue.

Letsbuyit postponed its flotation, which was initially planned for June, earlier this year after volatility in the market. However, the online trader recently announced plans to float in mid-July.



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