Credit: Shutterstock photoCardioDx, which sells a diagnostic test for coronary artery disease, postponed its IPO on Thursday, citing poor market conditions. The Palo Alto, CA-based company was founded in 2003 and booked $7 million in sales for the 12 months ended 9/30/2013. CardioDx initially filed confidentially on 7/24/2013. BofA Merrill Lynch and Jefferies & Co. were set to be the joint bookrunners on the deal.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
