FusionStorm Global officially withdraws IPO following 2011 postponement

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FusionStorm Global, which offers diversified IT solutions to enterprises and the public sector, withdrew its plans for an initial public offering on Friday. FusionStorm initially filed for an IPO with a proposed deal size of $175 million in August 2011. The company eventually set terms for the IPO in November 2011 before ultimately postponing in December. The Woburn, MA-based company was founded in 2009. FBR Capital Markets and Needham & Co. 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.



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