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Coronavirus would delay VFS Global’s IPO

Investment company EQT is reportedly considering postponing the deal, originally slated for March, until May, Reuters said.

Visa service provider VFS Global’s initial public offering may be delayed due to the coronavirus epidemic, according to people familiar with the matter cited by Reuters on Wednesday.

Investment company EQT is reportedly considering postponing the deal, which was originally scheduled for March, to May, the sources said. VFS and EQT declined to comment on this information.

VFS Global is the result of the restructuring of the Swiss tour operator Kuoni Voyages which was bought in 2017 by the German DER Touristik.

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