(Reuters) - Fitness club chain Pure Gym Group Plc
Pure Gym received sufficient orders but challenging IPO market conditions made it drop the plan, the newspaper reported on Monday.
The company, owned by funds advised by CCMP Capital Partners and Hermes GPE, announced last month that it planned to raise about 190 million pounds ($236.27 million) through the IPO.
Pure Gym could not be immediately reached for comment.
($1 = 0.8042 pounds)