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Why Fender pulled its IPO

Guitar manufacturer Fender cancelled its IPO after its stock was deemed overvalued by some investors. By Omar Akhtar FORTUNE — Rock’n'roll preserved a little bit of independence after Fender Musical Instruments reversed its plans to go public, citing poor market conditions. On Friday morning, Fender CEO Larry Thomas said in a statement that “current market conditions and concerns about economic conditions in Europe do not support completing an initial public offering at MORE

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Why Fender pulled its IPO

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