Nexsan Delays IPO Plans

Thousand Oaks-based Nexsan, a developer of data storage systems, has delayed its IPO, according to its underwriter, Thomas Weisel Partners. According to Thomas Weisel Partners Friday, the IPO is being delayed by market conditions. The firm's IPO was being underwritten by Thomas Weisel Partners, Lazard Capital Markets, Needham & Company, and Morgan Keegan & Company. The firm had estimated it would IPO at between $10.00 and $12.00 a share on the NASDAQ Global market in early March, hoping to raise around $55M.