Credit: Shutterstock photoBrightstar Corporation, a distributor for the wireless device industry, withdrew its plans for an initial public offering on Thursday. The Miami, FL-based company was founded in 1997 and booked $5.1 billion in sales for the 12 months ended 3/31/2011. Goldman Sachs, J.P. Morgan, Barclays, Credit Suisse and Jefferies were set to be the joint bookrunners on the deal.
This was Brightstar's second attempt to go public. It previously withdrew a $115 million deal in October 2004.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
