Boston Business Journal: Egenera Cancels IPO, Blames Poor Market Conditions. Egenera Inc. has withdrawn plans for an initial public offering of stock, reportedly to have been valued as much as $125 million. The company indicated market conditions are not optimal.
If I were the market, I might be developing some type of complex by now. Every time an IPO gets canceled, who gets blamed? Sure, the IPO was canceled, but not before Egenera contracts were disclosed.