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Shoes.com stays on the sidelines amid frosty market for IPOs Add to ...

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Another top Canadian IPO candidate is choosing to stay on the sidelines amid a frosty market for new initial public offerings.

Roger Hardy, chief executive officer of Vancouver-based online footwear retailer Shoes.com, said the firm had considered going public in the first half of 2016. But given the sluggish economy and cool market for new tech stocks, “It’s probably tempered my view that the first quarter for sure was the time to go public,” Mr. Hardy said in an interview. “It looks clearly like it wouldn’t be the best time.” If things improve in the new year, he said, the company might look to go public next fall, he added.

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