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Vista-Backed Allvue Systems Postpones IPO as Markets Fall (1)

Sept. 29, 2021, 4:13 AM

Allvue Systems Holdings Inc., a software maker serving private capital fund managers and family offices, postponed an initial public offering in which it sought to raise as much as $291 million.

The company, backed by private equity firm Vista Equity Partners, decided to delay the IPO Tuesday because of adverse market conditions, despite receiving strong interest and positive indications from the broader institutional investor market, it said in a statement.

Allvue said it will evaluate and consider the timing for a proposed public offering while maintaining a disciplined approach.

The software firm had marketed 15.3 million shares ...