(Adds Dealogic data on IPO withdrawals)
LOS ANGELES May 7 Specialty retailer Harry &
David Holdings Inc on Wednesday filed with U.S. regulators to
withdraw its planned initial public offering, citing market
Last August, the Medford, Oregon-based seller of gourmet
food products and other gifts had filed for an IPO of up to
Retailers and restaurants have since been hard-hit by the
U.S. economic slowdown, which, combined with a global credit
crunch, has put a chill on initial public offerings.
So far this year, 36 companies that had announced plans for
IPOs in the United States have withdrawn those plans, according
That's up from the same period in 2007, when 23 companies
withdrew IPO plans, the data tracking company said.
(Additional reporting by Sayantani Ghosh in Bangalore)
(Reporting by Lisa Baertlein, editing by Gerald E. McCormick)