IPC Systems Holdings has withdrawn its IPO in a filing with the SEC on Thursday.
No formal reason was noted, but since it said in the filing that "it has determined not to pursue at this time" you can probably chalk it up to the "market conditions."
The company is provider of integrated and mission-critical communications solutions. Some applications were for specialists at financial services firms and emergency response organizations.
It was going to list after its IPO under the ticker "IPCA," but that now looks off. The company did not originally show its proposed IPO terms nor did it list the underwriters for the proposed IPO.
Jon C. Ogg
May 23, 2008