Worldpsan Technologies, a provider of technology resources for various sectors of the travel industry, said Tuesday that it is postponing its plans for an initial public offering.
The company cited “current market conditions.”
“Worldspan will continue to evaluate market conditions and may proceed with a public offering at a later date,” the company said in a statement.
The offering will be led by Lehman Brothers and JPMorgan as joint book-running managers. Goldman, Sachs & Co., UBS Investment Bank, CIBC World Markets and RBC Capital Markets are co-managers of this offering.
The IPO was announced in March.