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? ®