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Tria Beauty withdraws $64 million IPO

By Renaissance Capital,  June 13, 2012, 05:21:22 PM EDT

Tria Beauty, which sells handheld laser devices to consumers for at-home hair removal, withdrew its plans for an initial public offering on Wednesday citing poor market conditions. The Dublin, CA-based company, which was founded in 2003, initially filed for its IPO on January 30, 2012. It had expected to raise $64.4 million by offering 4.6 million shares at a price range of $13 to $15. The company originally postponed its offering on May 23, just five days after Facebook's IPO. Morgan Stanley, Piper Jaffray and Wells Fargo Securities 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: TRIA



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