Philippines’ North Star deferring up to $85 million IPO – sources

MANILA—  Philippines’ North Star Meat Merchants Inc is deferring its up to 4.5 billion pesos ($85 million) initial public offering because of increased market volatility, two sources with knowledge of the decision said on Tuesday.

North Star, among the largest meat retailers and suppliers in the Southeast Asian nation, was supposed to offer its shares on June 13 to 17, followed by its listing on June 24.