The Channel logo

News

By | Chris Mellor 9th April 2010 22:36

Nexsan postpones IPO - again

Hello, is the recession back?

AutoMAID spindown storage startup Nexsan has postponed its planned IPO due to poor market conditions.

This comes days after Compellent, another supplier of storage to small and medium enterprises had to drop its revenue guidance for the first quarter of the year. This is Nexsan's second IPO attempt, and we'll have to wait and see if pulling it is temporary or not.

That's $55m Nexsan will now have to do without. Wasn't the recession supposed to be ending? ®

comment icon Read 2 comments on this article alert Send corrections

Opinion

WWI French tank picture via Shutterstock
Vinod_Khosla

Chris Mellor

A VC with startup agenda slams established suppliers. Surprised? Neither were we
ZenPad_RealRacing
Boy writes a letter to Santa. Pic via Shutterstock

Kat Hall

Cornwall's win over BT should be a cautionary relationship tale

Features

Eclipse image via Shutterstock
The Azure Portal: Microsoft is betting on cloud for its future business
container_ship_hamburg_shutterstock_648
Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire