Advertisement

Verteq Inc. May Delay Initial Stock Offering

Share

Verteq Inc., a supplier of cleaning equipment for computer chip makers, said that it probably will delay its initial stock offering until after the company reports its third-quarter results in April.

The Santa Ana company canceled its public trading debut Friday when semiconductor makers absorbed heavy stock market losses. Verteq had planned to raise about $17.8 million from the sale of 2.2 million shares.

“We don’t think the market will snap around overnight,” said Fred G. Wolfrum, chief financial officer of Verteq.

Advertisement
Advertisement