Stirol Puts The Brakes On Its IPO.

According to Stirol’s (STIR: BUY) CFO Alexander Salov, the company has decided to postpone its IPO until the Ukraine-Russia gas situation becomes less foggy. In the meanwhile, the company is going to continue all the measures needed to qualify for an IPO. The company was planning to hold an IPO on a western exchange this summer.  Concorde Capital: No shock that the company decided to put its IPO plans on the back burner for a while. Now is probably not the best time for a nitrogen fertilizer producer to try to raise money, the uncertainty surrounding gas prices could lead investors to require higher risk premiums. We believe that Stirol will intensify its IPO efforts once the gas issue is resolved.