/>
X
Business

Yupi.com delays market debut

Spanish-language portal Yupi.com has announced it will delay its Nasdaq IPO until it has a chance to assess recent market changes.
Written by ZDNET Editors, Contributor on

Spanish-language portal Yupi.com has announced it will delay its Nasdaq IPO until it has a chance to assess recent market changes. "We're waiting for the market to rebound," said Gustavo Morles, Yupi.com's vice president for marketing, adding that the offering is "still an option." Yupi's VP Jose Luque announced Tuesday that the company will clarify its position on the IPO over the next few months. The news comes when tech stocks are in a particularly precarious situation, following a major sector shake-up in April. Full story (in Portuguese). -- ZDNet Latin America

Editorial standards