A relatively strong IPO market for technology companies has hit a bump in the road due to summer vacations and a volatile stock market. On Wednesday, GenuTec Business Solutions Inc., which makes software that provides interactive voice response services for businesses, said in a regulatory document that it would withdraw its offering due to market conditions. With the way the stock market has been behaving, we would not be surprised to see some similar announcements, but wouldn’t necessarily use GenuTec as a barometer for the IPO market. The company has been in registration since last year, and its underwriters were Ladennburg Thalmann & Co. and Roth Capital Partners LLC, a couple of boutique investment banks. There still are some high-profile names we would expect to go public before the end of the year — among them on-demand business software maker NetSuite Inc. — David Shabelman

See GenuTec regulatory filing
See July 3 story from TheDeal.com
See June 28 from TheDeal.com