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Printing hub Noosh pulls IPO

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With the Nasdaq plummeting and e-marketplaces falling from favor, print marketplace Noosh Inc. pulled its IPO Tuesday. In a filing with the Securities and Exchange Commission, the company said completing the offering at this time would not be in the interests of its shareholders. The Palo Alto, Calif.-based company was planning to offer 4 million shares in the $11-13 range. Not only are IPOs facing tougher conditions, the printing industry is flush with would-be print marketplaces. In addition to Noosh, PrintNation.com, Collabria.com, Impresse.com, PrintBid.com and iPrint.com, among others, are targeting various portions of the print industry supply chain.
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