Las Vegas REIT International Market Centers withdraws $150 million IPO

(Renaissance Capital's research analysts) International Market Centers, which owns furniture trade show centers in Las Vegas, NV and High Point, NC, withdrew its plans for an initial public offering on Monday citing poor market conditions.
The Las Vegas, NV-based company was founded in 2011 and booked $166 million in sales for the 12 months ended March 31, 2015. It had planned to list on the NYSE under the symbol IMC. Barclays, Credit Suisse, Wells Fargo Securities, Deutsche Bank and J.P. Morgan were set to be the joint bookrunners on the deal.

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