NextG Withdraws IPO

NextG Networks, a wireless networking company based in San Jose, Calif., withdrew its plans for an IPO.The company has raised more than $64 million in VC funding, from firms like Oak Investment Partners (26.9%) and Gabriel Venture Partners (14.5%).

(Reuters) – NextG Networks Inc:

  • FILES TO WITHDRAW IPO – SEC FILING
  • HAD FILED FOR UP TO $150 MILLION IPO ON JUNE 5, 2008