Convio Not Going Public, Withdraws S-1
Convio, eCRM | Comments
According to the Austin American-Statesman, Convio bowed to the inevitable and withdrew its S-1 filing today:
Convio Inc. said it will withdraw its planned initial public offering Tuesday, nearly a year after it filed to raise about $86 million in an IPO.
"It's still part of our future down the road, but right now, the markets really are in pretty bad shape," said Gene Austin, chief executive of Austin-based Convio, which sells software and customer-management tools to nonprofit organizations.
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