YogaWorks, Culver City, California, postponed its initial public offering (IPO) in July 20, several media outlets reported. The news came 10 days after YogaWorks filed paperwork with the Securities and Exchange Commission to do an IPO.
The postponement was due to “market conditions,” a spokesperson told multiple media outlets.
“We’re in an IPO market where investors are really price sensitive and don’t want to overpay,” Kathleen Smith of IPO advisory firm Renaissance Capital told The New York Post.
When YogaWorks announced its intention to go public on July 10, it said it…