Cadence Design subsidiary is 11th company to shelve public offering plans this month. Another tech company cites poor market conditions for abandoning public stock sale. Once upon a time the producer of television and Internet programs was an IPO dreamer. Now it wants to be a survivor. Golf club manufacturer and seller wants to contest Pennsylvania ruling against selling securities.
Company also hires law firm to complete equity private placement.
But the SEC decides to take a closer look and, in the meantime, value of acquisition by Pittsburgh company has dropped 56 percent. Inc. All Rights Reserved.