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Financial services firm Turner Investments withdraws IPO

October 17, 2008

Turner Investments, which provides investment management services to institutions, withdrew its IPO on Friday in a filing citing unfavorable market conditions. The Berwyn, PA-based company had planned to offer 10.5 million shares at a price range of $17 to $19. Goldman Sachs and Citi were set to be the joint lead underwriters on the deal.