Dave and Buster’s has withdrawn its proposed initial public offering because of current market conditions.
The US-based company, which operates around 60 restaurant and arcade venues, announced at the start of the month that it planned to sell over seven million shares of its common stock for between £12 and £14 a share.
The company applied to list its stock on the NASDAQ stock market under the symbol ‘Play’.
However, while the move attracted “significant interest” from potential investors, company CEO Steve King said that market conditions were “not optimal for an IPO at this time.”
