Short Take: Auto-By-Tel postpones IPO
Online commerce company Auto-By-Tel has postponed its plans to launch an initial public stock offering, attributing the decision to unfavorable market conditions. The company said its private placements, which have raised $24 million, will let the company delay its IPO until the market is warmer to Internet offerings.
Online commerce company has postponed its plans to launch an initial public stock
offering, attributing the decision to unfavorable market conditions. The company said its private placements, which have raised $24 million, will let the company delay its IPO until the market is warmer to Internet offerings.