Allvue Systems Holdings, which provides cloud-based software solutions for investment managers, withdrew its plans for an initial public offering on Thursday. It had filed to raise $275 million by offering 15.3 million shares at a price range of $17 to $19, but postponed ahead of pricing in September.
The Coral Gables, FL-based company was founded in 2007 and booked $120 million in revenue for the 12 months ended June 30, 2021. It had planned to list on the NYSE under the symbol ALVU. Goldman Sachs, Barclays, Credit Suisse, Deutsche Bank, RBC Capital Markets, and Truist Securities were set to be the joint bookrunners on the deal.
