DIY retailer Focus Wickes has put its £1bn share offer on hold because of current uncertainty in the stock market.
The company, which planned to go ahead with the move this week, says the offering is now delayed indefinitely.
Funds raised by a flotation are intended to reduce its £324m debt and refurbish some of its 427 stores.
A pre-tax loss of £300,000 was recorded by the retailer in the six months to April 28, despite increasing operating profits and sales.
