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Cantor Entertainment withdraws $100 million IPO

By Renaissance Capital,  May 25, 2012, 10:40:01 AM EDT

Cantor Entertainment Technology, an affiliate of Cantor Fitzgerald which operates a mobile gaming system, withdrew its plans for an initial public offering on Friday. The company sought withdrawal because it anticipates submitting a new registration confidentially under the JOBS Act. This marks the first company to publicly disclose intent to pursue an offering as a confidential filer as reason for withdrawal.The Las Vegas, NV-based company was founded in 2004 and Cantor Fitzgerald was set to be the sole bookrunner 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: CETI



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