mysale group plc on thursday pulled its plan to list on the australian securities exchange citing the current equity market conditions and performance of a number of recent initial public offerings in australia the australianheadquartered online offprice retail platform which announced its plan to list on the asx and delist from londons junior aim earlier this month said it continues to trade well with strong growth from its marketplace platform gross merchandise value and gross profits for the first four months of the current fiscal year are up 43 and 9 respectively compared with the same period a year ago the company said mysale is debt free and cash positive and remains well capitalized and able to support its current operations such that no new funding is required for the company to deliver its forecasts the company said it had planned to raise 60 million australian dollars us432 million as part of its australian ipo but this will no longer proceed given the companys decision not to move its listing it has therefore cancelled the extraordinary general meeting due to vote on the listing plan shares at 1321 gmt were up 045 pence or 71 at 680 pence