Bayhill pulls IPO

Bayhill (Palo Alto, Calif.) withdrew its IPO, citing market conditions. The company filed in January to raise up to $86.3 million in an offering underwritten by Pacific Growth; Lazard; Merriman Curhan Ford; and Punk, Ziegel. At Dec. 31, 2007, Bayhill had $33.1 million in cash and a 12-month operating loss of $18.8 million. ...