Newegg.com, an online-only retailer that sells computer hardware, software, peripherals and consumer electronics, withdrew its plans for an initial public offering on Friday. The City of Industry, CA-based company was founded in 2001 and booked $2.3 billion in sales for the 12 months ended 12/31/09. J.P. Morgan, BofA Merrill Lynch, and Citi were set to be the lead underwriters on the deal.
