Zars pulls IPO

Zars (Salt Lake City, Utah) withdrew its IPO, citing market conditions. The company filed in June to raise up to $86.3 million in an offering underwritten by Cowen; CIBC; Leerink; and Susquehanna. In August, the company amended the offering to sell 5 million shares at $14-$16. A $15 price would have raised $75 million and valued the company at $245.8 million. ...