SafeNet withdraws IPO


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SafeNet, which provides data protection hardware and software for enterprises and government agencies, withdrew its plans for an initial public offering on Friday. The Belcamp, MD-based company, founded in 1983, filed in July 2010 for a $300 million IPO. Morgan Stanley, Goldman Sachs and J.P. Morgan were set to be the lead underwriters on the deal.

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This article appears in: Investing , IPOs

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