Cariloha, a bamboo-based bedding, clothing, and bath goods brand, withdrew its plans for an initial public offering on Friday. It had filed in January 2022 and most recently planned to raise $20 million by offering 2 million shares at a price range of $9 to $11. The company had not updated its prospectus since February.
The Sandy, UT-based company was founded in 2007 and booked $49 million in sales for the 12 months ended September 30, 2021. It had planned to list on the Nasdaq under the symbol ALOHA. Roth Capital and Oppenheimer & Co. were set to be the joint bookrunners on the deal.
