Medica France, a retirement home operator owned by private equity firms Bridgepoint and AlpInvest, has cancelled a flotation planned for tomorrow, becoming the latest casualty of jittery stock markets. Aéroports de France, in contrast, has fully exercised an over-allotment option.

Medica was expected to raise up to €592m ($748m) when it floated on Euronext's Paris exchange, but said in a statement to COB, France's stock exchange regulator, that it had decided not to pursue this process "in view of present market conditions".