Virgin Money: The stock offering will take place later than October 2014 and as soon as constructive market conditions allow, the Newcastle, England-based company said in a statement today. Virgin Money said Oct. 2 it planned to raise about 150 million pounds $243 million in an IPO this month, according to Bloomberg. Virgin Money continues to perform strongly and we remain focused on delivering a successful initial public offering as soon as market conditions allow, Chief Executive Officer Jayne-Anne Gadhia said in the statement and Virgin Money Holdings UK Plc, the lender backed by billionaire Richard Branson , delayed its initial public offering amid a stock market selloff. The U.K. mortgage and savings bank, which bought nationalized Northern Rock Plc in 2011, is delaying its IPO after Aldermore Group Plc postponed its share sale this week. A selloff that pushed the 00 share index 4.8 percent lower this month helped to disrupt the plan.
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