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Seven & i Holdings Co Ltd (OTC:SVNDY) postponed the planned initial public offering of its U.S. convenience store business unit, 7-Eleven Inc., to fiscal 2027 from 2026 on Thursday. The news pushed Seven & i shares down by 2.55% on the Tokyo exchange at the time of writing.
The postponement came amid the uncertainty in market conditions amid the U.S.-Israeli war against Iran that has disrupted energy supplies, reported Japan Today. Stephen Dacus, president of the conglomerate, said at a press conference that the listing of its U.S. convenience store business will proceed once the market conditions improve in the country.
The Japanese company plans to raise 2 …
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