Glasshouse IPO plans shatter - VentureBeat
Mon, Mar 9th, 2009
Glasshouse Technologies, an information technology consultancy specializing in data storage, just announced the withdrawal of its initial public offering due to poor market conditions - making it the third venture-backed startup to cancel an IPO in 2009. The Framingham, Mass. company originally filed in December 2007, and expected to rake in $100 million in the sale. It says it plans to refile once the economy rebounds.
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