Bluestem Brands officially withdraws IPO

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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.



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This article appears in: News Headlines , IPOs

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