Tuesday, November 20, 2007

CreditCards.com Postpones IPO

Austin-based CreditCards.com said Monday that it has delayed its IPO, citing "unfavorable market conditions" for the move. The firm was looking to sell 10.7 million shares of its stock at between $13 and $15 per share, in an IPO which was being underwritten by Credit Suisse, Citi, Thomas Weisel Partners, Jeffries & Company, and BMO Capital Markets. CreditCards.com is venture backed by Austin Ventures and American Capital.