IPO Withdrawal: CampusU

CampusU has filed a registration withdrawal form with the SEC today.  The company has filed to withdraw its proposed IPO.  You can guess why"

• "The Registrant has determined, because of unfavorable market conditions, not to proceed with the registration and sale of its common stock as contemplated ...."

This was one of those IPO's that looked questionable from the start with much of the business looking like it was still "being planned" rather than operational.

Here was the original filing summary.

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Jon C. Ogg
April 8, 2008

Jon Ogg produces the Special Situation Investing Newsletter.  He can be reached at jonogg@247wallst.com and he does not own securities in the companies he covers.