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Paradigm Pulls IPO

Paradigm Ltd., a Cayman Islands-based provider of enterprise software for the global oil and gas exploration and production market, has withdrawn registration for a $200 million IPO. No explanation was provided. The company had planned to trade on the Nasdaq, with Lehman Brothers, UBS and Banc of America Securities serving as co-lead underwriters. Fox Paine holds a 92.3% ownership stake.