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TeleNav files for IPO

Posted on November 2, 2009 9:30 PM
Location-based services provider TeleNav Inc.'s filing to go public Friday capped off the busiest month for IPO filings since March 2008, indicating a steady increase in the optimism for public debuts.

According to Greenwich, Conn.-based Renaissance Capital, 21 companies filed to go public in October. The month also was the biggest for pricings since January 2008: 13 companies went public in October.

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