CiDRA Seeks to Pull IPO

WALLINGFORD, Conn., April 20 -- Optical networking products maker CiDRA Corp. said it plans to withdraw its initial public offering, citing market conditions. The company has already submitted an application to the Securities and Exchange Commission to withdraw its registration statement for the offering.
"In light of current market conditions, we have requested the withdrawal of our registration statement for an initial public offering," said Kevin Didden, president and CEO of CiDRA Corp.