Metropark Cancels Plans for $100M IPO

Metropark USA has withdrawn its registration for a $100 million IPO due to changes in the securities markets. The owner and operator of lifestyle clothing stores first filed in June 2008 and planned to list on the NASDAQ under the ticker symbol MTPK. Proceeds from the offering were primarily to be used to support the opening of new stores and as working capital. At the time, the company was 60.5% owned by Bricoleur Partners.