NEW YORK (Reuters) – MatchNet Plc., which offers online personals service, on Thursday said it has withdrawn plans for its initial public offering in the United States, citing a faltering market for Internet-related IPOs. The Beverly Hills, California, company said David Siminoff, a director of the board, will replace Todd Tappin as chief executive. Tappin has resigned to pursue other opportunity, the company said.
Send in your thoughts, especially if you listened to the conf call they did today.
Link
