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Market Update : 
Security Contractor files for $1.7B IPO
Author: 123jump.com Staff
123jump.com
Last Update: 10:18 AM ET September 03 2005

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The traditional summer IPO lull is in progress. No deal is scheduled to be priced till the week of September 19th. Seven companies filed for initial public offerings, including SAIC to raise $1.7 billion. Celldex withdrew IPO filing.

 
Celldex Therapeutics (CDEX: chart), a vaccine developer, withdrew its registration statement for an IPO on Wednesday. The company cited unfavorable market conditions as the reason for the withdrawal.

Janney Montgomery and ThinkEquity Partners were slated as the underwriters on the deal.
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