Tags: US | Imperial | Capital | IPO | Withdrawn

Imperial Capital Withdraws IPO Plans

Friday, 23 Apr 2010 01:08 PM

 

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Investment bank Imperial Capital Group Inc. withdrew its plan for an initial public offering Thursday night, citing market conditions.

The Los Angeles company had initially tried to go public in early February.

Imperial Capital is the seventh company to cancel its IPO this year and the second this week. Chinese advertising agency Redgate Media Group also canceled its IPO plans on Thursday.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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