IPO News Archive
Alon Brands withdraws $100 million US IPO
Alon Brands, which operates 7-Eleven convenience stores and markets the FINA brand of motor-fuels, withdrew its plans for an initial public offering on Tuesday. Alon Brands made its initial filing in November 2008 to raise $100 million. The Dallas, TX-based company was founded in 2002 and booked $1 billion in sales for the 12 months ended 12/31/2010.