By Stephen Nakrosis
Merqueo, a digital grocery retailer with operations in Colombia and Brazil, said Friday it was withdrawing its planned initial public offering in a filing with the Securities and Exchange Commission.
The company said it decided not to pursue the planned offering at this time, adding it undertook a subsequent private offering.
Merqueo first filed for its IPO in December. At the time, the company planned to list its shares on the Nasdaq.
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