S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Apps & Software

IPO Filing Withdrawal: Convio, Inc.

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

There was an IPO filing almost a year ago for Convio Inc. which would have traded under the ticker "CNVO" on NASDAQ.  While the company has made several amended filings, the company has just decided to formally withdraw its application to come public.  Would you dare to take a guess the reason cited?  Yep, you guessed it, unfavorable market conditions.

Here is the formal verbiage:

  • The Company is requesting such withdrawal because ofunfavorable market conditions that would adversely affect the offeringof the securities under the Registration Statement.  The Companyconfirms that no securities have been or will be distributed, issued orsold pursuant to the Registration Statement or the prospectus containedtherein. Furthermore, there was no circulation of preliminaryprospectuses in connection with the proposed transaction and theRegistration Statement was not declared effective by the Commission.

This looks like a Freddie Mercury IPO.  Another one bites the dust.

Jon C. Ogg
August 5, 2008

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

"Did you buy It from the mob?": Dave Ramsey hosts floored by 21-year-old's 30% truck loan
Jeremy Phillips |

"Did you buy It from the mob?": Dave Ramsey hosts floored by 21-year-old's 30% truck loan
Half of America Still Feels Financially Exposed Despite 8% Jump in Security
David Beren |

Half of America Still Feels Financially Exposed Despite 8% Jump in Security

Continue Reading

Jon C. Ogg |

BioHorizons Withdraws IPO… Unfavorable Market Conditions

BioHorizons, Inc. has just filed to withdraw its filing for an initial public offering citing unfavorable market conditions.  This company…
Douglas A. McIntyre |

IPO Withdrawn: BCD Semiconductor

BCD Semiconductor Manufacturing Limited has filed with the SEC to formally withdraw its prior registration statement.  In short, the company…
Douglas A. McIntyre |

Diamondback Energy Services Cancels IPO

Diamondback Energy Services, Inc. has filed with the SEC to withdraw its filing for an initial public offering of common…
SoulCycle Walks Away From IPO
Douglas A. McIntyre |

SoulCycle Walks Away From IPO

SoulCycle has pulled its initial public offering, which may leave the cycling fitness spin cycle chain without a great deal…
Jon C. Ogg |

No Re-IPO for Winn-Dixie

ThinkstockA form “RW” was filed with the U.S. Securities & Exchange Commission (SEC) by a company named Southeastern Grocers LLC…
Douglas A. McIntyre |

Peplin Withdraws US IPO

An Australian company called Peplin Inc., which originally filed to come public in August 2007, has filed with the SEC…
Douglas A. McIntyre |

Greenstreet SPAC Dies, Before Even Launching

Another Special Purpose Acquisition Company, or SPAC, has bitten the dust.  This one bit the dust before it even launched. …
Jon C. Ogg |

IPO Watch: Freedom Guns Down the Remington IPO (SWHC, RGR)

Usually “RW” forms filed with the SEC are for obscure companies withdrawing their registration statements for an Initial Public Offering. …
Jon C. Ogg |

Ambac Withdraws Shelf Registration (ABK)

Ambac Financial Group, Inc. (NYSE: ABK) has  telegraphed filing with deep implications.  The company withdrew its earlier shelf registration statement…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618