Job Aire, Fast Track Withdraw IPOs

Dow Jones

15 Apr

By Connor Hart

Job Aire Group, an aviation staffing company, and Fast Track Group, an event management and marketing company, both withdrew their IPO filings.

Tucson, Ariz.-based Job Aire said Monday that pursuing an IPO isn't in the company's best strategic interests at this time, according to a filing with the Securities and Exchange Commission. It additionally stated that the financial statements included in its IPO filing are no longer current.

Previously, the company said in July it planned to offer 1.6 million shares on the small-cap NYSE American Exchange, estimating a $5 assumed IPO price.

Fast Track, which is based in Singapore, said in an SEC filing that withdrawing its IPO filing is consistent with the public interest and protection of investors. The group initially filed to offer 3.75 million shares in its IPO in September, though it later lowered the offering's size to 3 million shares in November.

Job Aire and Fast Track join a growing list of companies that have chosen to postpone their IPOs, including ticketing marketplace StubHub and buy-now-pay-later fintech company Klarna.

Many bankers and investors had hoped 2025 would mark a return to a more normal pace of IPOs following a rough few years. Instead, a global trade war is roiling stocks and unnerving investors and executives alike.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 14, 2025 17:33 ET (21:33 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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