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A storage startup scrapped its $109 million IPO the night before it was scheduled to debut





ken klein tintri ceo

Storage startup Tintri scuttled its plans for an IPO Wednesday night, less than 24 hours before it was slated to debut on the NASDAQ exchange.

While confirming to Business Insider that Tintri won’t IPO on Thursday, a company spokesperson declined to explain why or to give any further update on its plans to go public.

Companies rarely back out of a planned IPO the night before it’s scheduled to occur.

Tintri was seeking to raise $109 million in an IPO priced between $10.50 to $12.50 a share. The company’s most recent IPO filing document showed that it is experiencing read more >>>

Source:: BusinessInsider.Com

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