E-commerce company Bluestem has withdrawn a $150m IPO, originally filed in 2011.
US-based Bluestem Brands, a multi-channel retailer of brands include Fingerhut and Gettington.com backed by private equity firm Bain Capital Ventures and financial services firm Goldman Sachs, has formally withdrawn registration for a $150m initial public offering [IPO] that it postponed last month. Deutsche Bank Securities and Piper Jaffray were to serve as co-lead underwriters.
Bluestem initially filed for the IPO on October 31st 2011 with the shares priced between $14 per shareand $16 per share, looking to raise a maximum of $184m.
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