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Fender Withdraws Planned IPO

Fender Withdraws Planned IPO

CEO says "economic conditions" are the reason for the move.

New York, NY (July 20, 2012) -- Fender announced today that it is calling off plans to take the company public, citing the global financial market's grim outlook as rationale for the reversal.

"Current market conditions and concerns about economic conditions in Europe do not support completing an initial public offering at what we believe to be an appropriate valuation at this time," said Fender CEO Larry Thomas in a statement to the press.

The initial public offering (IPO) was announced in March and originally intended to raise $200 million. The Los Angeles Times reported in July that Fender expected to sell 10.7 million shares at $13-$15 per share for a potential total of $160 million.

For more information:
Fender

Full Slash Interview
Full Slash Interview on New Blues Album, S.E.R.P.E.N.T. Festival, Guitar Gear, Pedal Steel & More

The guitar icon shares what went into making his chart-topping blues album and what gear fans can expect to see at the S.E.R.P.E.N.T. Blues Festival tour.

This 1968 Epiphone Al Caiola Standard came stocked with P-90s and a 5-switch Tone Expressor system.

Photo courtesy of Guitar Point (guitarpoint.de)

Photo courtesy of Guitar Point (guitarpoint.de)

The session ace’s signature model offers a wide range of tones at the flip of a switch … or five.

Hello and welcome back to Mod Garage. Not long ago, I came home late from a band rehearsal, still overly excited about the new songs we played. I got myself a coffee (I know, it's a crazy procedure to calm down) and turned on the TV. I ended up with an old Bonanza episode from the ’60s, the mother of all Western TV series. Hearing the theme after a long time instantly reminded me of the great Al Caiola, who is the prolific session guitarist who plays on the song. With him in mind, I looked up the ’60s Epiphone “Al Caiola” model and decided I want to talk about the Epiphone/Gibson Tone Expressor system that was used in this guitar.

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Slinky playability, snappy sounds, and elegant, comfortable proportions distinguish an affordable 0-bodied flattop.

Satisfying, slinky playability. Nice string-to-string balance. Beautiful, comfortable proportions.

Cocobolo-patterned HPL back looks plasticky.

$699

Martin 0-X2E
martinguitar.com

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Embracing the idea of an acoustic flattop made with anything other than wood can, understandably, be tricky stuff. There’s a lot of precedent for excellent-sounding acoustics built with alternative materials, though. Carbon-fiber flattops can sound amazing and I’ve been hooked by the sound and playability of Ovation and Adamas instruments many times.

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The GibsonES Supreme Collection (L-R) in Seafoam Green, Bourbon Burst, and Blueberry Burst.

The new Gibson ES Supreme offers AAA-grade figured maple tops, Super Split Block inlays, push/pull volume controls, and Burstbucker pickups.

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