Monday, May 02, 2005

Egenera withdraws planned IPO

"Utility computing company Egenera Inc. has withdrawn plans for an initial public offering citing market conditions, according to a regulatory filing on Friday."

Company has raised $45M debt financing from Horizon Technology Finance and Silicon Valley Bank instead. See here.

According to their S-1, Egenera had revs in 02 and 03 of $12.9M and $41.2M.

No comments: