The e-commerce company has postponed its IPO two weeks after filing due to market conditions.
US-based multi-channel retailer Bluestem Brands postponed its forthcoming initial public offering (IPO) on Tuesday, having cited market conditions as the reason.
Bluestem initially filed for the IPO on October 31st with the shares priced between $14 and $16 per share, and looking to raise a maximum of $184m. The joint largest shareholder in Bluestem is private equity firm Bain Capital, which owns 29% including stock acquired through subsidiary Brookside Capital Partners.
Other leading shareholders are venture capital firm Battery…
