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Taylor & Martin Group postpones $171 million IPO

Taylor & Martin Group, a rollup of auction marketplaces for pre-owned assets and excessive inventory, postponed its IPO on Wednesday citing poor market conditions. The Houston, TX-based company was founded in 2009 and booked $139 million in pro forma sales for the 12 months ended June 30, 2012. Canaccord Genuity and Oppenheimer & Co. 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 Nasdaq, Inc.


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

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