Advanced Accelerator hits brakes on IPO plans

Advanced Accelerator Applications S.A. (Saint Genis Pouilly, France) said it will postpone its IPO on NASDAQ, citing adverse market conditions that prevented an "appropriate valuation."

The company said in January that it planned to sell 5.4 million ADSs at $13-$15. At $14, it would have raised $75 million and been valued at $517.6 million. Planned underwriters were Citigroup; Jefferies; Canaccord; and JMP Securities. ...