Friday, January 4, 2019

WatchGuard Video Drops IPO Plans

Allen, Texas-based WatchGuard Video, which develops mobile- and body-camera systems for the law enforcement community, has withdrawn its plans for an IPO, saying in a filing that it has "determined not to proceed with an offering at this time." The company had originally filed an S-1 in October of 2017. The company did not provide any other details on why it would decide to drop its plans for an IPO, which was being underwritten by Barclays, SunTrust Robinson Humphrey, Oppenheimer & Co., and Cowen. The company had hope to raise as much as $75M on the NASDAQ Global Market as WGRD.