We had announced the intentions of ADS to go public with a portion of the company's shares back at the beginning of the year. Yesterday Soldier Systems Daily announced that the industry leading operational equipment provider is withdrawing a chance for investors to snag a piece of the company.
Claims of an unfriendly investment market were noted for the IPO termination. With the amount of uncertainty that is floating about, we can certainly understand why a companies shareholders wouldn't want to give up any portion of their shares when they are unsure of what the dollar figure may be on the outcome. This factor is unfortunate given the investment potential for this dramatically growing company.