This one didn’t even make it to market.
YogaWorks, a chain of 50 studios spread across six US metropolitan areas, pulled its initial public offering on Thursday, the day it was originally expected to price, citing market conditions.
The offering’s underwriters — led by Cowen, Stephens and Guggenheim — set a range of $10 to $12 a share in a regulatory filing on July 10. A pricing at the top of the range would’ve marked a valuation of roughly $70 million.
It’s certainly an interesting rationale for pulling the deal, considering multiple US equity benchmarks closed at record highs on Wednesday. Not to mention the CBOE Volatility Index — or…