Coca-Cola Co (NYSE:KO) shares are trading lower by 4.23% to $58.78. The company announced it is delaying plans to list Coca-Cola Beverages Africa as a publicly-traded company.
Coca-Cola says the company will continue to evaluate macroeconomic conditions in deciding future timing for an IPO in 2023. Coca-Cola says plans to have an Africa-focused bottler traded as an independent public company remains unchanged.
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Coca-Cola is the largest nonalcoholic beverage entity in the world.
According to data from Benzinga Pro, Coca-Cola has a 52-week high of $67.20 and a 52-week low of $52.28.
