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Fail to launch: Heelys withdraws secondary

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(Update June 29) Motley fool ran an article on this. I agree what they said.

(Original June 28) Yeah, they decided to withdraw the already-cut-in-half secondary offering, according to Business Wire.

This is the first time I saw a company withdraw a secondary offering, because of lack of interest (from buyers). I did see some companies withhold IPO due to market conditions.

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