Synacor throws in the towel on IPO
Digital content provider Synacor Inc. announced yesterday that it withdrew its initial public offering due to unfavorable market conditions. The plan to go public had been in the hopper since August of last year, when the company said it intended to sell 11.6 million shares for an estimated $86 million, and trade on the Nasdaq.
The Buffalo, N.Y. company, which supplies broadband providers with the tools they need to create Internet portals, video players and other… Continue Reading