DTLR Cancels IPO

DTLR
A DTLR store
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Hanover, Md.-based athletic chain DTLR has put the brakes on its initial public offering.

DTLR Holding Inc., the parent company of the 99-door DTLR chain, said on Dec. 6 that it would not be going forward with the plans it announced last month to sell as much as $75 million in shares.

The company issued a statement saying a “business development” prevented it from moving forward with the offering.