SCHILLER PARK, IL—(Marketwired – Jun 16, 2016) – PSAV, Inc. (“PSAV”) announced today that is has postponed its previously announced initial public offering as a result of unfavorable equity market conditions. PSAV will continue to evaluate the timing for the proposed offering as market conditions develop.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
PSAV is a leading provider in the global event technology services industry, conducting more than 1.5 million meetings annually. Our customers are comprised of event organizers, corporations, trade associations and meeting planners. PSAV has more than 8,200 employees across over 1,400 luxury and upper upscale hotels, resorts and convention centers in 13 countries.