BOSTON – AMR Research Inc., a provider of research and analysis on electronic-business strategies and technologies, scrapped a plan to go public and raise as much as $75 million.
AMR Research cited "adverse market conditions" in withdrawing its initial stock registration with the Securities and Exchange Commission. The Boston-based company first filed for an IPO in September 2000, several months after the market for first- time stock offerings began to plunge.
The Bloomberg IPO Index, which measures the performance of 79 companies during their first publicly traded year, plummeted 70 percent from March 2000 through late September. The index has gained more than 35 percent since then.
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Founded in 1986 by Chief Executive Officer Tony Friscia, AMR Research’s clients include International Business Machines Corp., Morgan Stanley and Johnson and Johnson, according to the company’s Web site.
