Special Report on Compellent Technologies, inc. IPO Pulled off

Eden Praire, MN: Compellent TEchnologies,Inc which delivers delivers affordable, modular storage solutions came public today 10/10/07. It was priced on 10/09/07 at $13.50 above its price range. It opened up at 16 and in no time saw around $33. Trading unusually stopped after around 28000 shares were traded. Latest news from the exchange give reports of the company pulling out the IPO at this price and returning the money to the traders. There was no body from the directors available to comment as of now.
When called to investors Relations, we got a reply stating that they would probably re price the ipo at a much higher price. CEO, Phil Soron, said " Why should the company give out the stock at $13.50 when people are willing to pay $30? " But, how many will be willing to trade CML after all this mess is what is to be seen.
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