House of Blues Parent Cancels IPO, Citing Market Uncertainty
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HOB Entertainment Inc., which operates the House of Blues chain of restaurants and nightclubs and other concert venues, said it is canceling a plan to sell shares to the public because of “uncertain market conditions.”
The company said it requested that its registration statement with the Securities and Exchange Commission be withdrawn. HOB Entertainment had filed for the initial public offering in March.
HOB, which is backed in part by former “Saturday Night Live” actor and “Blues Brother” band member Dan Aykroyd, is the latest company to pull or delay a planned IPO in the face of a volatile market.
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