current market conditions

Voices

Allegro Microsystems Pulls IPO; Who Can Blame It?

Eric Savitz, Blogger and Columnist, Barron\'s, Tech Trader Daily in News on August 11, 2008 at 6:17 pm PT

The great tech IPO drought continues. In the latest sign that the market is really not that interested in tech industry IPOs, chipmaker Allegro Microsystems today filed with the SEC to withdraw its planned initial offering, citing “current market conditions.” Which might have been a nice way of saying no one was all that interested.