Wednesday, August 10, 2011

Three U.S. IPOs postponed amid rocky market

Reuters reports: Three initial public offerings were postponed on Tuesday, the latest casualties of volatile market conditions.

Offerings by Portuguese mobile marketing and payment services provider TIM w.e. SGPS SA, which was expected to raise $146.3 million, and 3-D motion-sensing company InvenSense Inc, due to raise $99.8 million, were postponed, underwriters said. The $180 million IPO of Seattle-based lender HomeStreet was also sidelined, an underwriter said

http://www.reuters.com/article/2011/08/09/us-ipos-idUSTRE7784OE20110809

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