Walmart-backed PhonePe postpones IPO as Middle East conflict rattles markets
The conflict in the Middle East is making global markets unpredictable, and big names are hitting the brakes.
Walmart-backed PhonePe has postponed its IPO, saying market volatility is just too high right now.
They're not alone: companies across different sectors are rethinking their plans as uncertainty grows.
Global firms halt dividends and IPOs
Swedish tech firm Dometic dropped its 2025 dividend plan, and UK travel agency Loveholidays put its up to 1 billion pound IPO on hold because of market sentiment and travel worries.
Canadian company McCoy Global paused its quarterly dividend due to supply chain issues linked to the unrest.
Even XED Executive Development from India's GIFT City pulled back its IPO plans, showing how these tensions are impacting businesses everywhere.