Fender IPO is off

Contradictory to what was reported in March, Fender has decided not to go public. According to Fender’s Chief Executive Larry Thomas, international economic concerns influenced the decision. Via Guitar Aficionado:

Current market conditions and concerns about economic conditions in Europe do not support completing an initial public offering at what we believe to be an appropriate valuation at this time.

Read more at GA.

Right here.

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