02-05-2010, 12:55 PM
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Confirmed User
Join Date: Jun 2004
Location: Tampa Bay, FL
Posts: 6,708
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Looks like the same thing is happening to the Ashley Madison / Avid Dating Life IPO as well:
Quote:
The Toronto company had planned to go public on the Toronto Stock Exchange in a matter of weeks to raise at least $60 million in an initial public offering, according to sources and media reports.
But one source who has been provided details about the offering said efforts to woo investors seem to have met with a cool response.
"They're putting that plan on hold, citing market conditions," said the source, who spoke on condition of anonymity.
Avid could not be reached immediately for comment, but media reports in recent days indicated banks and big investors were hesitant to get involved in the deal, despite Avid's solid financial record.
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http://news.yahoo.com/s/nm/20100202/..._uk_avid_ipo_1
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