Open Link Financial Inc., a Uniondale, N.Y.-based provider of cross-asset trading, risk management and portfolio management software, has withdrawn registration for a $200 million IPO. The company had originally filed back in May 2008, with Credit Suisse and Citi are serving as co-lead underwriters.
In its withdrawal, Open Link cited “unfavorable market conditions for initial price offerings.”
TA Associates acquired majority control of the company in February 2006, via a recapitalization. www.olf.com