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Frankel delays IPO plans

Published on .

Frankel & Co. said it will delay until 1988 plans to take the agency public. Last September, the Chicago-based promotion specialist said it was weighing a public offering to raise funds for expansion. Frankel, which said its revenue grew 40% to $66.5 million in 1996, cited stock market conditions for delaying the IPO.

Copyright March 1997, Crain Communications Inc.

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