IT People IPO (FPO) Withdrawn

August 30, 2007

The IT people FPO today stands withdrawn. All investors who invested in the IT People IPO will get back their subscription money. The FPO was withdrawn since IT People FPO did not manage to get fully subscribed. Since the FPO was undersubscribed it had to be withdrawn. Market analysts were talking about this event happening right since the FPO got closed but today it has been confirmed and was officially announced by the company itself.

Posted in IPO Subscription Details, FPO