The market is starting to take its toll on IPO’s for many companies. Upek Inc. has just joined the ranks of other companies that have filed to withdraw an IPO. Its filing with the SEC says that the reason is due to market conditions.
Upek is based in Emeryville, California and provides security software and other products to the biometrics and fingerprint-authentication market.
Another IPO falls by the wayside.
Jon C. Ogg
March 4, 2008