IPO News Archive

IntelePeer postpones IPO, citing weak market conditions

1/25/12


IntelePeer, which provides an IP-based routing platform for telecom providers and enterprises, postponed its IPO on Wednesday because of poor market conditions. The San Mateo, CA-based company was founded in 2003 and booked $137.3 million in sales for the 12 months ended 9/30/11. J.P. Morgan, Deutsche Bank Securities, and Barclays Capital were set to be the lead underwriters on the deal.

Keywords/Tickers: PEER
Source: www.RenaissanceCapital.com
blog comments powered by Disqus
Attribution Policy: The information contained herein is proprietary and copyrighted. The media is welcome to use our information and ideas, provided that the following sourcing is included: Renaissance Capital, Greenwich, CT (www.renaissancecapital.com).
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital and/or the Global IPO Fund (symbol: IPOSX) may have investments in securities of companies mentioned.
Invest in Global IPO Fund
About Fund Prospectus Invest