Truck Hero Delays IPO Over Market Conditions

Truck Hero Inc. said late Thursday it will postpone its planned initial public offering because of "unfavorable market conditions." The pickup truck accessories maker said it will monitor conditions to evaluate timing for the IPO. "We have created significant value, and we are unwilling to sell shares at prices that do not reflect the value we have created," said Bill Reminder, Truck Hero president and chief executive, in a statement. Thursday also saw the delay of Noble Midstream Partners LP's IPO because of poor market conditions. Meanwhile, Square Inc. and Match Group Inc. saw shares jump 45% and 23%, respectively, on their first day of trading.