Wednesday, October 14, 2015

Syncardia Withdraws IPO

Tucson, Arizona-based medical device maker Syncardia has withdrawn its IPO. The company did not give a reason for the withdrawal of the offering. Syncardia had filed for an IPO in August, and had most recently given an expected IPO range of between $10.00 and $12.00 per share. The company had hoped to list on the NASDAQ Global Market as TAHT. Syncardia is venture backed by Iron Gate Investments, Athyrium Opportunities, SWK Holdings, Delta Electronics, and Highway 12 Ventures.