SafeNet withdraws IPO

By Renaissance Capital,

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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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing IPOs
Referenced Stocks: SAFE

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