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Financial software company ConvergEx withdraws $400 million IPO

Posted
6/7/2013 10:33:00 AM
By: Renaissance Capital
Referenced Stocks:CVGX

ConvergEx, which provides workflow automation software solutions to over 4,000 asset manager customers, withdrew its plans for an initial public offering on Friday. The New York, NY-based company, which was founded in 1995, initially filed for a $400 million IPO in May 2011. J.P. Morgan, Citi, Barclays and Goldman Sachs were set to be the joint bookrunners on the deal.