- Citing market conditions, cloud talent recognition software firm Globoforce (THNX) is postponing its IPO.
- In spite of the strong debuts recently seen by other enterprise cloud software names, demand for Globoforce's offering was apparently soft: The company had already downsized its offering to 3.8M shares from 4.4M, and cut its price range to $14-$15 from $16-$18.
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