Combined heat and power company Tecogen withdraws IPO

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Tecogen, which sells and services commercial natural gas-powered cogeneration systems, withdrew its plans for an initial public offering on Friday citing unfavorable market conditions. The Waltham, MA-based company was founded in 2000 and booked $15 million in sales for the 12 months ended June 30, 2013. Northland Securities and Scarsdale Equities 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

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