Envivio has indefinitely postponed its IPO due to "market conditions" according to its underwriters. Which is funny, because we happen to be in a short term rally at the moment. Of course, it could be because investors are not quite as dumb these days as they have been in the past, so they're not really falling for the "we don't make money and aren't sure how we're going to do so" business "plans" that so many companies seem to be throwing out these days. After all, look at what's happened to LinkedIn and Pandora.
For more IPO madness, check out Why Groupon is Poised for Collapse by Rocky Agrawal.
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