Peninsula postpones IPO

Peninsula postponed its proposed IPO, in which the company was hoping to raise $69-$80.5 million through the sale of 5.8 million shares at $12-$14. The offering would have valued Peninsula at $299 million. The deal was expected to price Tuesday or Wednesday. In addition to CS First Boston, the syndicate included Piper Jaffray; Citigroup; and First Albany. ...