Club Versante Group, a Canadian restaurant and venue operator with four locations, withdrew its plans for an initial public offering on Thursday. It had filed to raise $17 million by offering 3.8 million shares at a price range of $4 to $5. They had originally filed to offer 2 million shares at the same range in August 2025.
The Richmond, Canada-based company was founded in 2021 and booked $4 million in revenue for the 12 months ended June 30, 2025. It had planned to list on the Nasdaq under the symbol CADV. Joseph Stone Capital was set to be the sole bookrunner on the deal.
