San Jose Mercury News / AP, Thurs 12th Aug — PlanetOut postponed it’s IPO due to unfavorable market conditions. "Given the current difficult market for IPO’s, we feel the appropriate value of the company would not be realized," CEO Lowell Selvin said. The SF company hasn’t withdrawn it’s registration but will continue to evaluate the timing of a share sale.
The plot thickens. Eight US IPO’s were cancelled last month fyi. The most since Jan 2003. Google is leading the way.