Lulu Abandons IPO Moves For Now

DIY self-publishing service Lulu have abandoned plans to sell shares on the Canadian stock market in an effor to raise investment to finance expansion in their distribution and sales sectors. Lulu had also intended to use the investment to pay off outstanding debts. CEO Bob Young has commented recently on Bloomberg.com that the market was not ‘enthuastic’ and they were in no rush to get a deal done. It is expected Lulu may consider selling shares when the markets pick up in the future.  

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