Israeli translation software company Babylon withdraws IPO

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Babylon, an Israeli provider of translation software solutions and search services, withdrew its plans for an initial public offering on Friday, saying that it intends to pursue a potential strategic transaction. The Or Yehuda, Israel-based company was founded in 1997 and submitted its initial filing on November 5, 2012. Babylon filed confidentially on September 7, 2012. Citi and Jefferies 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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