PE-Backed Retailer DTLR Shelves $75M IPO Plans

Law360, New York (December 6, 2013, 2:21 PM EST) -- Private equity-backed DTLR Holding Inc., a street-inspired footwear, apparel and accessories retailer, plans to withdraw its $75 million initial public offering because of an undisclosed business development, the company announced Friday.

DTLR has yet file an official statement of withdrawal with the U.S. Securities and Exchange Commission as of Friday morning, but said in a brief statement that it has determined not to proceed with its planned IPO due to a business development.

The company had filed registration documents with the SEC on Nov. 1 proposing...
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