Wednesday, September 26, 2012

ViSalus, With LA Tech Founder, Drops IPO Plans

ViSalus, the nutritional supplements firm headed by former Los Angeles technology entrepreneur Ryan Blair, has withdrawn its IPO, according to a filing with the SEC. The firm did not say why it is withdrawing its IPO, only saying that it has decided not to proceed with the initial public offering of its securities at this time. ViSalus had filed for an IPO in August. Blair was the founder of PathConnect, SkyPipeline, and 24x7 Tech; Blair documented his path from the technology world to health supplements in his book, "Nothing to Lose, Everything to Gain: How I Went from Gang Member to Multimillionaire Entrepreneur" last year.

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