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Fender Instruments officially withdraws $150 million US IPO

By Renaissance Capital,  August 08, 2012, 05:26:41 PM EDT

Fender Musical Instruments, a iconic guitar brand used by beginners, professionals and an array of top artists, officially withdrew its plans for an initial public offering on Wednesday after it cancelled its IPO on July 20. The Scottsdale, AZ-based company was founded in 1946 and booked $704 million in sales for the 12 months ended 4/1/2012. J.P. Morgan, William Blair 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: FNDR



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