IPO News Archive
Fallbrook Technologies withdraws IPO
Fallbrook Technologies, which offers continuously variable transmission technology for bicycles under its "NuVinci" brand, withdrew its plans for an initial public offering on Friday. The San Diego, CA-based company was founded in 2000 and booked $1 million in sales for the 12 months ended 12/31/09. CIBC World Markets and Mackie Research Capital were set to be the lead underwriters on the deal.