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Bluestem Brands officially withdraws IPO

By Renaissance Capital,  December 21, 2012, 02:43:03 PM EDT

Bluestem Brands, a multi-brand catalog and e-commerce retailer targeting low income customers, withdrew its plans for an initial public offering on Friday. The company had originally filed for an IPO in 2011. The Eden Prairie, MN-based company was founded in 1948 and booked $560 million in sales for the 12 months ended 7/31/2011. Piper Jaffray and Wells Fargo Securities were set to be the joint bookrunners on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

Referenced Stocks: BSTM



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