Liberty Group Scraps IPO

Posted
By: Mark Fitzgerald Liberty Group Publishing Inc. has scrubbed its nearly year-long effort to launch a $225-million initial public offering (IPO). Liberty announced it was indefinitely postponing the IPO in a conference call with analysts last month.

"Upon advice of our investment bankers, market conditions are not optimal for a small market capitalization IPO at present," Kenneth L. Serota, chairman, CEO and president of Liberty, said, according to a transcript of the call filed with the Securities and Exchange Commission.

Comments

No comments on this item Please log in to comment by clicking here