Las Vegas REIT International Market Centers withdraws $150 million IPO
International Market Centers, which owns furniture trade show centers in Las Vegas, NV and High Point, NC, withdrew its plans for an initial public offering on Monday citing poor market conditions.
The Las Vegas, NV-based company was founded in 2011 and booked $166 million in sales for the 12 months ended March 31, 2015. It had planned to list on the NYSE under the symbol IMC. Barclays, Credit Suisse, Wells Fargo Securities, Deutsche Bank and J.P. Morgan were set to be the joint bookrunners on the deal.
The article Las Vegas REIT International Market Centers withdraws $150 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.