Bcom3Group Postpones IPO Plans Citing Market Conditions

Share this content:
Bcom3Group Inc., one of the leading ad conglomerates, has postponed plans for an IPO, citing difficult market conditions.


The Chicago company last year said it would launch an IPO within 18 months, "based on market conditions". That promise will not be kept this year, Bcom3Group employees were told by CEO Roger Haupt in a letter.


"Market conditions are volatile, and the business environment has changed dramatically," Haupt said, according to a statement made public yesterday. "These conditions are likely to persist for some time."


"In light of this," Haupt said, "Bcom3's board of directors has concluded that it would be unwise for us to launch a new public company in this calendar year."


Bcom3's portfolio includes agencies like Leo Burnett Worldwide, D'Arcy, N.W. Ayer, Starcom MediaVest Group, Manning Selvage & Lee, and Medicus International. It employs 18,000 employees in more than 90 countries.


Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here