Merqueo Holdings, a vertically-integrated digital grocery retailer operating in Colombia and Brazil, withdrew its plans for an initial public offering on Friday. It originally filed in December 2022 with a proposed deal size of $14 million. The company last updated its prospectus in April 2023.
The Bogotá, Colombia-based company was founded in 2015 and booked $34 million in revenue for the 12 months ended December 31, 2022. It had planned to list on the Nasdaq under the symbol MERQ. Aegis Capital Corp. was set to be the sole bookrunner on the deal.
