The reason for the recent market turbulence, according to founder Ola Rollén, is why Greenbridge has decided to put its plans for an IPO on hold, as reported by Di.
“It’s not a good time to list anything on the stock market,” Rollén stated.
In 2024, it was announced that Greenbridge was considering going public, and as recently as March, the plans were still in motion.
“We are working on it and having discussions to determine when it could be possible,” Rollén told Affärsvärlden at the time.
However, those plans have now been paused.
Ola Rollén was the CEO of Hexagon for a long time. He is now the chairman of the stock market giant, but he will step down from that role in 2026.
The decision to delay the IPO comes amidst a backdrop of global economic uncertainty and volatility in the financial markets. Investors are growing increasingly cautious, with many opting to hold onto their cash rather than risking it in uncertain times.
The move by Greenbridge reflects a broader trend in the market, with many companies choosing to delay or cancel their IPOs in light of the current economic climate. This caution is understandable, given the unpredictable nature of the market and the potential risks involved in going public during such uncertain times.
Despite the setback, Greenbridge remains optimistic about its future prospects. The company has a strong track record of success and a solid business model that has stood the test of time. While the decision to delay the IPO may be disappointing in the short term, it could ultimately prove to be a wise move in the long run.
As Ola Rollén prepares to step down as chairman in 2026, he leaves behind a legacy of leadership and vision that has helped to shape the company into the powerhouse it is today. His decision to put the IPO on hold may be seen as a prudent move to protect the company’s interests and ensure its long-term success.
In conclusion, the decision by Greenbridge to delay its IPO is a reflection of the current economic climate and the challenges facing companies in today’s unpredictable market. While the move may be disappointing to some investors, it could ultimately prove to be a smart decision in the face of uncertainty. Ola Rollén’s leadership and vision have been instrumental in guiding the company through these challenging times, and his legacy will undoubtedly endure long after he steps down as chairman.