Jobber roll-up firm postpones its public debut

摘要

Investors and jobbers will have to wait a little longer to find out how Wall Street values a large distributor roll-up firm. Market consolidator Maxum Petroleum was scheduled to make its debut on the New York Stock Exchange under the symbol "MXP" last week, but the Initial Public Offering was postponed.rnIn a filing with the Securities and Exchange Commission in January, Maxum said it would offer 16.7 million shares at an initial price of $14 to $16 per share. If successful, that would have brought the company proceeds of more than $233 million.