WASHINGTON, June 25 (Reuters) - Initiate Systems Inc filed on Wednesday to withdraw its plans for an initial public offering.
The software provider had previously filed to raise up to $75 million in the IPO and to be listed on the Nasdaq Stock Exchange.
The company said the terms in the current public marketplace are not attractive enough to go through with the offering. (Reporting by Karey Wutkowski; Editing by Gary Hill)
KANEOHE, Hawaii (Reuters) - President Barack Obama on Tuesday blamed "human and systemic failures" for allowing a botched Christmas Day attack aboard a Detroit-bound airliner and a U.S. official said the incident was linked to al Qaeda. | Video
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