Online advertising services firm Eyeblaster withdraws IPO
12/24/08
Eyeblaster, a provider of online campaign management services to advertising agencies, withdrew its IPO because of poor market conditions. The company had not yet announced any deal terms. Deutsche Bank was set to be the lead manager on the deal.
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EYEB
Online Media company NameMedia withdraws IPO
12/24/08
NameMedia, which generates revenues from online advertising in its media business and the sale of domain names, withdrew its IPO on Wednesday due to poor market conditions. The Waltham, MA-based company had initially filed its offering documents in November, 2007. Credit Suisse was set to be the lead manager on the deal.
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NAME
Anacor Pharmaceuticals withdraws IPO
12/24/08
Biopharmaceutical company Anacor, which is developing novel small-molecule therapeutics derived from its boron chemistry platform, withdrew its IPO on Tuesday due to unfavorable market conditions. The company had not yet announced terms, however, Morgan Stanley and Cowen were set to be the joint book runners on the deal.
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ANAC
SPAC Transformation Capital withdraws IPO
12/23/08
SPAC Transformation Capital, which intended to focus on the alternative asset management sector, withdrew its IPO on Tuesday. The company planned to raise $150 million and was led by Randall Yanker, former CEO of Lehman Brothers Alternative Investment Management. Banc of America was set to underwrite the deal.
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TCY.U
Online social networking company FriendFinder Networks files for an IPO
12/23/08
FriendFinder Networks, which derives most of its revenues from adult-themed community websites, filed for an IPO on Tuesday. The company generated $244 million in revenues during the first nine months of 2008. Renaissance Capital, which is not affiliated with the Greenwich, CT based Renaissance Capital LLC or www.ipohome.com, is set to underwrite the deal.
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FFN
Online education provider Bridgepoint Education files for an IPO
12/22/08
Bridgepoint Education, which provides online postsecondary degree programs in business, education, psychology and the sciences, filed for an IPO on Monday. The company has not yet filed terms, however, its peer Grand Canyon Education (LOPE) recently raised $126 million in a late November offering. LOPE is up 46% from its offer price as of December 22nd, 2008. Credit Suisse and J.P. Morgan are set to be the underwriters on the deal.
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BPIX