Mobotix, which makes closed-circuit television (CCTV) systems, had envisaged a bookbuilding range of 15 to 18 euros per share while DZ Bank’s view was 13 to 16 euros, Mobotix said.

The planned IPO of up to 610,000 shares had aimed for a stock exchange listing on Sept. 27.

On Friday, German wood products maker Delignit reduced the number of shares on offer in its IPO by three quarters, citing difficult market conditions.

Also on Friday, two of the largest shareholders of Russia’s United Company RUSAL said the company has shelved a $9 billion plan to float shares in London this year due to concerns over a global liquidity crunch.

And on Tuesday, the financial arm of Japanese Sony Corp cut the price of its IPO to better reflect weaker appetite.