Full Spectrum, which develops and sells products used to create private cellular networks, withdrew its plans for an initial public offering on Friday. It had filed to raise $15 million by offering 1.9 million shares at a price range of $7 to $9.
The Sunnyvale, CA-based company was founded in 2006 and booked $1 million in sales for the 12 months ended June 30, 2016. It had planned to list on the Nasdaq under the symbol FMAX. Joseph Gunnar was set to be the sole bookrunner on the deal.
