Tuesday, April 17, 2012

Carlyle Yanks AvanStrate IPO

For the second time in a year The Carlyle Group pulled AvanStrate's independent public offering.  Avanstrate makes glass for liquid crystal displays.

U.S. buyout firm Carlyle last month revived the offering  

Much changed in a month:

“We decided to cancel the IPO after considering conditions for the stock market and the market for liquid crystal displays,” a Tokyo-based spokesman for AvanStrate said on Tuesday."

Market conditions? Hmmmmm....