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Peplin Inc files to withdraw IPO plans
June 9, 2008 / 9:35 PM / 9 years ago

Peplin Inc files to withdraw IPO plans

WASHINGTON, June 9 (Reuters) - Peplin Inc on Monday filed with regulators to withdraw its plan for a $75 million initial public offering, citing unfavorable market conditions.

The company had previously filed with the U.S. Securities and Exchange Commission for an IPO as part of a plan to take over its parent company, Australian biotech company Peplin Ltd PEPBF.PK. (Reporting by Karey Wutkowski; editing by Carol Bishopric)

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