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Aspen Aerogels withdraws $115 million IPO

Awardee Story Aspen Aerogels withdraws $115 million IPO
Date: May 17, 2013
Author: Renaissance Capital
Source: NASDAQ News ( click here to go to the source)

Aspen Aerogels, which manufactures aerogel insulation principally used by petrochemical and power generation facilities, withdrew its plans for an initial public offering on Friday. The Northborough, MA-based company was founded in 2001, and initially filed for a $115 million IPO in June 2011. Goldman Sachs and Morgan Stanley were set to be the joint bookrunners on the deal.

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