Rokt, one of Australia’s most valuable venture capital-backed companies, has pulled plans for an expected sharemarket float in the next 12 months, telling its backers that it wants to sidestep volatility in a market that is trying to get to grips with AI in technology products.
Chief executive Bruce Buchanan, a former Jetstar boss, told investors and employees on Wednesday morning the advertising technology company would continue to prepare for a future listing but would not pull the trigger this year.
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