Small biz online marketer Yodle withdraws $75 million IPO

Yodle, which provides an online marketing platform for small businesses, withdrew its plans for an initial public offering on Monday. It originally filed in July 2014 with a proposed deal size of $75 million and had not updated its filing since.
 

The New York, NY-based company was founded in 2005 and booked $172 million in sales for the 12 months ended March 31, 2014. It had planned to list under the symbol YO, but had not picked an exchange. Credit Suisse, Deutsche Bank, Jefferies and Piper Jaffray were set to be the joint book runners on the deal.

 

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