AmeriQuest Announces IPO Postponement

AmeriQuest, Inc., a financial services company, said Wednesday that it was postponing its $74 million initial public offering due to "volatile market conditions." The company was expected to price Tuesday. With the initial public offering, the company said it would offer 6.15 million shares at an expected price range of $11 to $13 to raise $74 million. So far this year, no companies have gone public. Nordic Realty Trust, Inc. is expected to price its initial public offering Wednesday, and after initially postponing the pricing, Shimmick Construction Company Inc. may price this week.

Copyright © 2016 MarketWatch, Inc.