“While we received significant interest from potential investors, current market conditions are not optimal for an IPO at this time,” Chief Executive Steve King said in a statement.
The Dallas-based company in September said it planned to sell about 7.7 million shares at between $12 and $14 each. It had filed for an IPO of up to $150 million last July.
Nutritional supplements seller ViSalus Inc and semiconductor company Cortina Systems Inc also withdrew their IPOs last month.
Dave & Buster’s owns and operates stores that combine dining and entertainment, providing a casual dining menu with a range of entertainment options. It owned 59 stores in the United States and Canada as of Sept. 4.
Goldman Sachs & Co, Jefferies and Piper Jaffray were the lead underwriters to the offering.
Dave & Buster’s is majority backed by Oak Hill Capital Partners.
Image Credit: Dave & Buster’s