IDS Group Pulls IPO

IDS Group Inc., a Minneapolis-based provider of asset finance origination and portfolio management software for financial institutions and equipment manufacturers, has withdrawn registration for an $86.25 million IPO. It blamed “unfavorable equity market conditions.”

The company had planned to trade on the Nasdaq under ticker symbol IDSI, with Thomas Weisel Partners and Piper Jaffray serving as co-lead underwriters. IDS is a portfolio company of SV Investment Partners.