Blog Post

Synacor Withdraws Its IPO, Citing Market Conditions

Not that this is a surprise, but Synacor, the online content and application provider to the ISPs has withdrawn its IPO due to “current market conditions.” People had been asking the question about the company for a while now…it filed its S-1 in August last year, and planned to raise around $86.25 million, and not much was heard about it since then. The full SEC filing withdrawing its IPO is here.

“In light of current market conditions, the Registrant has determined not to proceed at this time with the public offering..the Registrant hereby informs the Staff that it may undertake a subsequent private offering in reliance on the safe harbor set forth in Rule 155(c) promulgated under the Act.”

Underwriters for the IPO were Deutsche Bank Securities, Bear Stearns & Co. Inc., Thomas Weisel Partners, Canaccord Adams and Montgomery & Co., and was seeking a Nasdaq listing under the symbol